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Purchases on account are 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 are 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 $85,000. The company purchased $380,000 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 $395,000 $535,000 $465,000
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