Perez Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects toPerez Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to

purchase the following inventory:

points

Perez Books' accountant prepared the following schedule of cash payments for inventory purchases. Perez Books' suppliers require

that $90$ percent of purchases on account be paid in the month of purchase; the remaining $10$ 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 missing amounts.

b$.$ Determine the amount of accounts payable the company 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.

Complete the schedule of cash payments for inventory purchases by filling in the missing amounts.

purchase the following inventory:

points

Perez Books' accountant prepared the following schedule of cash payments for inventory purchases. Perez Books' suppliers require

that $90$ percent of purchases on account be paid in the month of purchase; the remaining $10$ 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 missing amounts.

b$.$ Determine the amount of accounts payable the company 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.

Complete the schedule of cash payments for inventory purchases by filling in the missing amounts.