The Following Information Is Available for Pear Limited for 2020

The following information is available for Pear Limited for 2020: $\begin{array}{llcc} \text {Accounts payable, beginning.................................................................... } &\$14,000 \\ \text { Cash payments on account during year.................................................... } &54,000\\ \text {Purchase discounts taken during year on 2020 purchases.......................... } &1,200\\ \text {Accounts payable, ending.......................................................................... } &7,000\\\end{array}$
Assuming the company records purchases at gross amounts, the total purchases for 2020 would be

A) $48,200.
B) $61,000.
C) $55,200.
D) $59,800.

Correct Answer:

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