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Burts Burgers budgets inventory purchases as $40,000 for July, $60,000 for August and $25,000 for September. Burts purchases all inventory on account and pays 50%
Burts Burgers budgets inventory purchases as $40,000 for July, $60,000 for August and $25,000 for September. Burts purchases all inventory on account and pays 50% of the purchases in the month of the purchase and 50% in the month following the purchase. Compute cash payments for August and September. Show your work.
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