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Jaxon Ltd settles their creditors' accounts as follows: 30% in the month of purchase and 70% in the month following purchase. For the month of
Jaxon Ltd settles their creditors' accounts as follows: 30% in the month of purchase and 70% in the month following purchase. For the month of April their credit purchases totalled 885 000 and in May were $78 000. How much cash did Jaxon Lid pay to their creditors in the month of May? a $82 900 Ob 554 600 oc S23 400 d. S80 100 Oe. $59 500
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