S22-16 (similar to)Question Help

Trailer Company has budgeted purchases of merchandise inventory of $458,250 in January and $534,500 in February. AssumeTrailer pays for inventory purchases 60% in the month of the purchase and 40% in the month after purchase. The Accounts Payable balance on December 31 is $97,825. Pr.ep.are a schedule of cash payments for purchases for January and February. (If a box is not used in the table leave the boxempty; do not enter azero.)