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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

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