8) Star Moving Systems, Inc. has provided the following details for direct materials purchased on account in different months. Jan Feb March April May June $35,000 28,000 34,000 39,000 32,000 29,000 The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months (Complete the below table). Answer: Purchases on account: Jan Feb Sx March Sx April Sx May Sx June Sx Cash payments to suppliers: In the month of purchase 70% In the next month: (30%) Total payments to suppliers EK XAA