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Munoz Books buys books and magazines directly from publishers and distrbutes them to grocery stores. The wholesaler expects to purchase the following inventory: Munoz Books

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Munoz Books buys books and magazines directly from publishers and distrbutes them to grocery stores. The wholesaler expects to purchase the following inventory: Munoz Books accountant prepared the following schedule of cash payments for inventory purchases. Munoz Books' suppliers require that 85 percent of purchases on account be poid in the month of purchase, the remaining 15 percent are paid in the month following the month of purchase Required a. Complete the schedule of cash payments for inventory purchases by filling in the mibsing amounts b. Determine the amount of accounts payable the company will report on its pro forma balance sheet of the end of the second quarter a. Complete the schedule of cash payments for irventory purchases by filling in the missing arnounts b. Determine the amount of accounts payable the compary will report on its pro forma balance sheet at the end of the second quarter Complete this question by entering your answers in the tabs below. Completn the schedule of cash payments for inventory purchases by filling in the missing amounts. a. Complete the schedule of cash payments for imventory purchases by filling in the missing amounts b. Determine the amount of accourits paryable the compary will report on its pro forma balance sheet at the end of the second Complete this question by emtoring yoen answers in the tater below. Detmane the ancuet of accoures puyalik the comecury wilf report on its pro forma balunce sthet at the end of the secund gustes

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