ControlAhmed 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, $$1,550,000$; July, $$1,450,000$; 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 $ $100,000$ $ $130,000$ $ $400,000$ $ $120,000$