The Following Information Is Available for Royal Corp Assuming That All Purchases Are Made on Account, Accounts Payable

Multiple Choice

The following information is available for Royal Corp. for 2020: $\begin{array}{llcc} \text {Accounts payable, beginning............................................................ } &\$14,000 \\ \text {Cash payments on account during year............................................. } &7,000\\ \text {Purchase discounts taken during year on 2020 purchases ................ } &1,200\\ \text { Purchases....................................................................................... } &10,000\\\end{array}$
Assuming that all purchases are made on account, accounts payable at the end of the year are

A) $17,000
B) $22,800
C) $15,800
D) $24,000