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Required purchases (on account) April $102,000 May $122,000 June $134,000 Solomon Books' accountant prepared the following schedule of cash payments for inventory purchases. Solomon Books

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Required purchases (on account) April $102,000 May $122,000 June $134,000 Solomon Books' accountant prepared the following schedule of cash payments for inventory purchases. Solomon 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. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases April May June Payment for current accounts payable S 91,800 Payment for previous accounts payable 11,000 Total budgeted payments for inventory S 102,800 $ 0 S 0 ework #5 Saved Required purchases (on account) April $102,000 May $122,000 June $134,000 Solomon Books' accountant prepared the following schedule of cash payments for inventory purchases. Solomon Books' require that 90 percent of purchases on account be paid in the month of purchase; the remaining 10 percent are paid in th 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 sec OK ht nces Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Accounts payable

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