1. Assume the following account balances Cash $30,000 Bank Loan $65,000 Account Receivable 45,000 Accounts Payable 35,000 Supplies 3,000 Land 13,000 Equipment 23,000 During the month the company paid its suppliers $23,000 and purchased more supplies equal to $10,000 to be paid in 30 days. What is the balance owing to its suppliers?

Answer rating: 100% (QA)

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