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General, Inc. has prepared the following direct materials purchases budget: All purchases are paid for as follows: 10% in the month of purchase, 50% in

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General, Inc. has prepared the following direct materials purchases budget: All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate budgeted balance of accounts payable at the end of October

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