Bristol Ltd Settles Their Creditors' Accounts as Follows: 25% in the Month

Multiple Choice

Bristol Ltd settles their creditors' accounts as follows: 25% in the month of purchase and 75% in the month following purchase.For the month of August their credit purchases totalled $32 000 and in September were $43 000.How much cash did Bristol Ltd pay to their creditors in the month of September?

A) $34 750
B) $40 250
C) $43 000
D) $24 000