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2. Fillmore Groceries expects to make inventory purchases in the first quarter of 20x2 as follows: January $450,000 February $390,000 March $510,000 Historical data shows
2. Fillmore Groceries expects to make inventory purchases in the first quarter of 20x2 as follows: January $450,000 February $390,000 March $510,000 Historical data shows that the company pays for 65% of its purchases in the month of purchase and the remaining balance in the month following the purchase. On January 1, 20X2, the company owed $120,000 for 20X1 purchases. Prepare a schedule of cash payments for January, February, and March. What amount of accounts payable will be outstanding on March 31
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