Nebula Corp. is preparing their budget for the 2nod quarter and provides the following data:

Assume that accounts payable pertains only to suppliers of inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as on June 30th is:

A) $12,000

B) $3,600

C) $10,800.

D) $5,400

Apr $20,000 Budgeted purchases Budgeted Cash Payments for Inventory Purchases Apr 60% of previous month purchases $6,000 40% of current month purchases 8,000 Total cash payments $14,000 May $24,000 May $12,000 9,600 $21,600 Jun $18,000 Jun $14,400 7,200 $21,600