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Nobula Corp. is preparing their budget for the second quarter and provides the following data May Jun Apr $20,000 $24.000 S23,000 Budgeted purchases of direct
Nobula Corp. is preparing their budget for the second quarter and provides the following data May Jun Apr $20,000 $24.000 S23,000 Budgeted purchases of direct materials Budgeted Cash Payments for Purchases of direct materials 40% of previous month purchases 60% of current month purchases Total cash payments Apr May Jun S6,000 S8,000 $9,600 12,000 1440 13,800 $18,000 $22,400 S23.400 Assume that accounts payable pertains only to suppliers of inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is OA. $9.600 B. $9,200 $23.400 C. O D. $13,800
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