Sheridan Company is a customer service organization that is in the process of working on various components of its Cash Budget. Carol, the accountant, is working on completing a Cash Disbursements Schedule and has decided to calculate Sheridan's cash payment on Accounts Payable first. The company pays its bills in the following manner - 55% of purchases are paid in month of the purchase, 25% of purchases are paid in the month following the purchase, and the remaining 20% of purchases are paid in the second month following the purchase. It made the following purchases: March, $25200; April, $16300; May, $22700; June, $28400; and July, $19400. What will the total amount paid out by Accounts Payable for June be? $21295$24555$67400$28400 Attempts: 0 of 1 used