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Given the following information for Nester Company, answer the questions below: Dec. Jan. Feb. Mar. Sales. 500,000. 550,000. 450,000. 600,000 Purcha Ses. 120,000. 140,000. 115,000.
Given the following information for Nester Company, answer the questions below:
Dec. Jan. Feb. Mar.
Sales. 500,000. 550,000. 450,000. 600,000
Purcha
Ses. 120,000. 140,000. 115,000. 150,000
Twenty percent of purchases are paid in cash at the time of purchase. The remaining balance is paid in the month following the purchase.
Monthly operating expenses are as follows:
Sales salaries. $10,000
Depreciation expense $2,500
Property taxes $2,000 paid at the end of each calendar quarter
Sales commissions 1.5% paid in the month following the sale
Each question should have one amount in the answer field
You must enter answer in the following format: $x,xxx
1) ________ total cash payments for inventory purchases for the quarter ending March 31,2018
2) ________ total cash payments for sales salaries for the quarter ending March 31,2018
3) ______ total cash payments for property tax for the quarter ending March 31, 2018
4) _______total cash payments for sales commissions for the quarter ending March 31, 2018
5) ______total cash payments for depreciation for the quarter ending March 31, 2018
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