=+PE 22-5A Cost of goods sold budget obj. 4 EE 22-5 p. 1011 Soft Glow Candle Co.

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=+PE 22-5A Cost of goods sold budget obj. 4 EE 22-5 p. 1011 Soft Glow Candle Co. pays 20% of its purchases on account in the month of the purchase and 80% in the month following the purchase. If purchases are budgeted to be

$15,000 for October and $17,000 for November, what are the budgeted cash payments for purchases on account for November?

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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