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1 Walton Book's buys books and magazines diredly from publishers and distributes them to grocery stores. The wholesaler expeds to purchase the following inventory: Wiatton

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Walton Book's buys books and magazines diredly from publishers and distributes them to grocery stores. The wholesaler expeds to purchase the following inventory:
Wiatton Book's' accountant prepared the following schedule of cash payments for inventory purchases. Walton Book's suppliers require that 90 percent of purchases on account be paid in the month of purchase; the remaining 10 percent are paid in the month following the manth of purchase.
Required
a. Complete the schedule of cash payments for inventory purchases by filling in the missing a mounts.
b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.
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Complete the schedule of cash payments for inuentory purchases by filling in the missing amounts.
\table[[Schedule of Cash Payments for Inventory Purchases],[,,April,,May,June],[Payment for current accounts payable,,102,600,,120,600,$131,400
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