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Estate Corp., has the following information: Month Budgeted Purchases January $27,200 February 29,100 March 29,300 April 30,180 May 27,680 Purchases are paid for in the
Estate Corp., has the following information: Month Budgeted Purchases January $27,200 February 29,100 March 29,300 April 30,180 May 27,680 Purchases are paid for in the following manner: 15% of the purchase amount in the month of purchase 35% of the purchase amount in the month after purchase 50% of the purchase amount in the second month after purchase What is the expected balance in Accounts Payable as of March 31? $4365 $24,905 $10,255 $39,455
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