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Paxson Company expects to make purchases of $100,000 in January; $240,000 in February; $350,000 in March; and $230,000 in April. Purchases are paid 30% in
Paxson Company expects to make purchases of $100,000 in January; $240,000 in February; $350,000 in March; and $230,000 in April. Purchases are paid 30% in the month of purchase and 70% in the month after purchase. What would accounts payable be at the end of March
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