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, $1,490,000; July, $1,425,000; and August, $1,495,000. Hint: Use the relation (Beginning Accounts Payable + Purchases on Credit Payments on Accounts Payable = Ending Accounts Payable) to solve for budgeted purchases.

	May 31	June 30	July 31	August 31
Accounts payable	$ 150,000	$ 200,000	$ 235,000	$ 195,000