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EstateCorp.,has the followinginformation: Month Budgeted Purchases January $ 27 200 February 30 000 March 29 300 April 30 480 May 27 180 Purchases are paid
EstateCorp.,has the followinginformation:
Month Budgeted Purchases
January $ 27 200
February 30 000
March 29 300
April 30 480
May 27 180
Purchases are paid for in the followingmanner:
10 % of the purchase amount in the month of purchase
50 % of the purchase amount in the month after purchase
40 % of the purchase amount in the second month after purchase
What is the expected balance in Accounts Payable as of April30?
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