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, $1,450,000: July, $1,250,000; and August, $1,600,000. 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 July 31 August 31 Accounts payable $ 170,090 $ 120,090 $ 300,000 $ 160,000 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