The Accounts Payable Balance at the Beginning of the Year

question 66

Multiple Choice

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?

• A) $450,000
• B) $395,000
• C) $535,000
• D) $465,000