24)

Pharoah, Inc. reports all its sales on credit and pays operating costs in the month incurred. Amounts for 2023 are March April May June July Budgeted sales $299600 $290700 5320900 $279700 $207200 Budgeted purchases $144300 $120400 $127600 $131800 $90200 . Customer amounts on account are collected Pox in the month of sale and 30% in the following month Cost of goods sold h 60of sales Pharoah purchases and pay for merchandise 40% in the month of acquisition and box in the following mower. Operating expenses are: Salaries, 549700 Depreciation, $11500: Bent. $14000 and Units. 513000 Accounts payable is used only for inventory acquisition How much is Pharoah's budgeted balance for Accounts Payable at May 31, 2022 $51040 0572240 $76560 $124720 Aud