acket 9 & 10 Homework 5 Save & Exit Subm Solomon Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory Required purchases (on account) April $115,000 $135,000 $147,000 Solomon Books' accountant prepared the following schedule of cash payments for inventory purcheses. Solomon Books supplers require that 90 percent of purchases on account be paid in the month of purchase: the remaining to percent are paid in the mont following the month of purchase Required a. Complete the schedule of cash payments for inventory purchases by filing 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 Required B Complete the schedule of cash payments for inventory purchases by filing in the missing amounts MC Graw Type here to search < Prev 5 0 Next > 44 Required A Required B. Ting your answers in the tabs below. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases Payment for current accounts payable Payment for previous accounts payable Total budgeted payments for inventory S April 103,500 May June 5,000 $ 108,500 06:47 ok ances is 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 Required B Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Accounts payablo < Required A Required > < Prev 5 of 8 Next > 1152 PM