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Question 9 Not complete Marked out of 10.00 Flag question Cash disbursements The following budgeted information about Reeves Co. is available for September: Sales
Question 9 Not complete Marked out of 10.00 Flag question Cash disbursements The following budgeted information about Reeves Co. is available for September: Sales for September $1,620,000 Gross profit on sales 40% Decrease in Merchandise Inventory during September $26,250 Wages expense for September $195,300 Increase in Wages Payable for September $25,200 Other cash expenses for September $147,000 Decrease in Accounts Payable during September $21,000 Reeves Co. only uses its Accounts Payable for inventory purchases. a. How much does Reeves Co. expect to pay for inventory in September? $ 0 b. What are total budgeted cash disbursements for September? $ 0
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