Update Matured Bills Payable Status Program -- Maturity Date parameter

We are in R12.2.11 AP.

My question is the expected behavior of the program based on the value populated at Maturity Date parameter. According to the user guide, the program "updates payments if the Maturity Date on the payment document is on or before the date you enter here."

Let's say I have 2 future-dated payments:

a. Maturity Date = 30-Oct-24, Status = Issued

b. Maturity Date = 3-Nov-24, Status = Issued

On 30-Oct-24, I submit the program with Maturity Date parameter = 5-Nov-24. I expect the payment status to change to Negotiable for both Payment a and b because both payments' maturity date are before the parameter date.