5.4

1 Jordon Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory May June Required purchases (on account 5109.000 $129,000 $140,000 Art Jordan Book accountant prepared the following schedule of cash payments for inventory purchases Jordan Books 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 month of purchase Required Complete the schedule of cash payments for inventory purchases by filling in the missing amounts b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter Complete this question by entering your answers in the tabs below. Required A Recured Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Con Payments for eventory Purchases April May June Payment for current counts payable 98.100 Fantforccounts payable Total budgeted parts for rentory 111,100 5 13.000 5 HW 54 1 Jorden too bure books and magamines directly from publihen and distributes them to grocery stores. The wholesaler expects to purchase the following inventory Worlu June quired purchases (on account stos, Jordin Books' sccountant prepared the following schedule of cash payments for inventory purchases Jordan Books 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 month of purchase Required Complete the schedule of cash payments for invertory purchases by filling in the missing amounts b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter Complete this question by entering your answers in the tabs below. Required A Red Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter