The accounts payable balance at the beginning of the year was $105,000. The company purchased $480,000 worth of goods on account, and the ending balance of the payables account was $170,000. What were the total payments on account? Multiple Choice $485.000 $415,000 $470,000 $555,000 Purchases on account are given below October 50,000 November 60,000 December 70,000 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 How much will the cash payments for purchases be in December? Multiple Choice $64300 $70,000 $66,000 $65,500