Ahmed Company purchases all merchandise on credit. It recently budgeted the month-end accounts payable balances below. Cash payments on accounts payable during each month are expected to be June, $1,350,000; July, $1,250,000; and August, $1,400,000. Hint: Use the relation (Beg. Accounts Payable + Purchases on Credit - Payments on Accounts Payable End. Accounts Payable) to solve for budgeted purchases. May 31 June 30 $180,000 July 31 $100,000 August 31 $130,000 Accounts payable $ 150,000 Computing budgeted merchandise purchases from accounts payable Budgeted amounts: June July August Ending accounts payable Add: Cash paid on accounts payable Total accounts payable Less: Beginning accounts payable Budgeted merchandise purchases