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Company is a customer service organization that is in the process of working on various components of their Cash BudgetElizabeth, the accountant, is working on
Company is a customer service organization that is in the process of working on various components of their Cash BudgetElizabeth, the accountant, is working on completing a Cash Disbursements Schedule and has decided to calculate Daisy's cash payment on Accounts Payable firstThey pay their bills in the following manner60% of purchases are paid in month of the purchase, 30% of purchases are paid in the month following the purchase, and the remaining 10% of purchases are paid in the second month following the purchase. They made the following purchases: March, $25,600 April, $16,200May 22,300June , $27.900 and July, $19,850 What will the total amount paid out by Accounts Payable for June be?
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