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Homework answers / question archive / The following information is available for Pear Limited for 2020: Accounts payable, beginning   $14,000 Cash payments on account during year   54,000 Purchase discounts taken during year on 2020 purchases   1,200 Accounts payable, ending   7,000 Assuming the company records purchases at gross amounts, the total purchases for 2020 would be $61,000

The following information is available for Pear Limited for 2020: Accounts payable, beginning   $14,000 Cash payments on account during year   54,000 Purchase discounts taken during year on 2020 purchases   1,200 Accounts payable, ending   7,000 Assuming the company records purchases at gross amounts, the total purchases for 2020 would be $61,000

Accounting

The following information is available for Pear Limited for 2020:

Accounts payable, beginning

 

$14,000

Cash payments on account during year

 

54,000

Purchase discounts taken during year on 2020 purchases

 

1,200

Accounts payable, ending

 

7,000


Assuming the company records purchases at gross amounts, the total purchases for 2020 would be

$61,000.

$55,200.

$48,200.

$59,800.

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