The balance on the Payables account is a credit of £3,650. The business makes cash purchases of £1,450 and credit purchases of £2,590, it also purchases a computer for £1,275 which it has 28 days to pay for. What is the balance on the payables account after these transactions are recorded?

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.