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Rocklin Company gathered the following budget information for the quarter ending September 30, 2019: Sales $540,000 Purchases 450,000 Salaries and wages 194,000 Rent 10,000 Supplies

Rocklin Company gathered the following budget information for the quarter ending September 30, 2019:

Sales $540,000 Purchases 450,000 Salaries and wages 194,000 Rent 10,000 Supplies 8,000 Insurance 2,000 Other cash expenses 12,000

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