What should be the balance on the Purchases Account given the following transactions?

• Purchase Goods on credit from Marlin's Variety Store $25,000
• Sold goods to Maison for $75,000
• James paid the business $20,000 for his outstanding debt for Goods he had purchased in a previous period
• Paid Marlin's Variety Store in full settlement of their debt.
• Sold Goods the Maria on Credit $30,000
• Purchase Goods for cash $20,000

a.

A Debit Balance of $65,000

b.

A Debit Balance of $170,000

c.

A Credit Balance of $65,000

d.

A Credit Balance of $45,000

e.

A Credit Balance of $170,000

f.

A Debit Balance of $45,000