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The Underhill Company purchases tennis rackets from suppliers and then resells them; the company recently prepared a purchases budget that included the following for total
The Underhill Company purchases tennis rackets from suppliers and then resells them; the company recently prepared a purchases budget that included the following for total purchases: June $122,000 July $128,000 August $131,000 The company pays for 70% of purchases in the month of the purchase and the remaining 30% in the month following the purchase. For July, what is the total dollar amount to be paid to suppliers
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