Viewmont Manufacturing began the year owing its suppliers $4,800 for merchandise purchased last year. Viewmont then sold half of this merchandise for $8,000 on account. Two weeks later, Viewmont paid its suppliers $1,600 and bought another $6,400 of merchandise on account. Viewmont now has an Accounts Payable balance of:
A. $9,600.
B. $1,600.
C. $17,600.
D. $7,200.
Answer: A
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