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Corey company reported the following information for the last three months of 2019: (picture below) All purchases are on account. The companies cash payment policies
Corey company reported the following information for the last three months of 2019: (picture below)
\begin{tabular}{|l|r|r|r|} \hline & October & \multicolumn{1}{|c|}{ November } & December \\ \hline Budgeted purchases & 240,000 & 256,000 & 288,000 \\ \hline \end{tabular} All purchases are on account. The companies cash payment policies are as follows: 60% in the month of sale and 40% in the following month. What is the amount of budgeted accounts payable reported on the November 30, 2019 budgeted balance sheet?
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