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8- Delleate Inc. has prepared the following purchases budget: Month Budgeted Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 All purchases are
8- Delleate Inc. has prepared the following purchases budget:
Month | Budgeted Purchases |
June | $67,000 |
July | 72,500 |
August | 76,300 |
September | 73,700 |
October | 69,200 |
All purchases are paid for as follows: 35% in the month of purchase, 65% in the following month, Calculate balance of Accounts payable at the end of October.
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