Accounting Homework

Saniya Corp. is preparing their budget for the second quarter and provides the following data: Apr $20,000 May $24,000 Jun $28,000 Budgeted purchases of direct materials Budgeted Cash Payments for Purchases of direct materials 40% of previous month purchases 60% of current month purchases Total cash payments Apr $6,000 12,000 $18,000 May $8,000 14,400 $22,400 Jun $9,600 16,800 $26,400 Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is A. $9,600 B. $16,800 O C. $26,400 D. $11,200