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Cedar Company has forecast purchases to be $ 3 3 1 , 0 0 0 in June, $ 3 8 2 , 0 0 0

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Cedar Company has forecast purchases to be $331,000 in June, $382,000 in July, $315,000 in August, and $278,000 in September. Purchases average 30% paid in cash and 70% paid on credit. Credit purchases are paid 60% in the month of purchase, 30% during the month following, and 10% the second month following the purchase. Budgeted cash payments for September would be:
Multiple Choice
$293,050
$299,800
$120,700
$88,30
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