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Purchases on account arc given below: 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be
Purchases on account arc given below: 55% of the month's purchases will be paid in the month of the purchase; the remaining 45% will be paid in the following month. The accounts payable balance at the beginning of the year was S85.000. The company purchased S380.000 worth of goods on account, and the ending balance of the payables account was $70,000. What were the total payments on account? $450,000 S395.000 $535,000 $465,000
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