10. Neil is preparing a merchandising company's schedule of cash disbursements for the second period (April, May, June). Inventory purchases are paid for 30% in the month of the purchase and 70% in the month following the purchase. If the company spent $5,000 for inventory purchases in May and $15,000 in June, what would Neil record for the accounts payable balance as of June 30th ? a. $4,500 b. $10,500 c. $14,000 d. $20,000