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A company makes all purchases on account, subject to the following payment pattern. Paid in the month of purchase: 3 0 % Paid in the

A company makes all purchases on account, subject to the following payment pattern.
Paid in the month of purchase: 30%
Paid in the first month following purchase: 65%
Paid in the second month following purchase: 5%
If purchases for April, May, and June were $200,000,$160,000, and $250,000, respectively, what was the firm's budgeted payables balance on May 31?
a. $118,000
b. $122,000
c. $178,000
d. $126,000
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