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What were purchases on account for the year

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Reference no: EM133012274

Problem 1: If ending balance in accounts payable was $482,000, the beginning balance was $622,000, and payments on account during the year were $1,635,000, what were purchases on account for the year?

A. $140,000

B. $1,104,000

C. $1,495,000

D. $1,775,000

E. $2,117,000

Reference no: EM133012274

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