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Question 6 Correy Company reported the following information for 2016 : Budgeted purchases - Correy pays for merchandise 60% in the month of purchase and

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Question 6 Correy Company reported the following information for 2016 : Budgeted purchases - Correy pays for merchandise 60% in the month of purchase and 40% in the following month. How much is the budgeted balance for Accounts Payable at October 31, 2016? $204,000 $102,400 $96,000 $144,000

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