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Company has budgeted purchases of merchandise inventory of in and in . Assume pays for inventory purchases % in the month of purchase and %

Company has budgeted purchases of merchandise inventory of in and in . Assume pays for inventory purchases % in the month of purchase and % in the month after purchase. The Accounts Payable balance on is . Prepare a schedule of cash payments for purchases for and , including the calculation for the Accounts Payable balance on

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