X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November: November 1 November 30 Accounts Payable $52,828 $42,859 In November, payments of Accounts Payable were $347,753, and Cost of Goods Sold was $303,852. Assuming that all merchandise purchases were on account, what were merchandise purchases in November? OA: $253,973 OB: $337,784 OC: $449,253 OD: $597,506 OE: $794,683 OF: $1,056,929 Submit Answer Tries 0/99 Merchandise Inventory $55,675 $89,607