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undle Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to urchase the following inventory: April May
undle Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to urchase the following inventory: April May June Required purchases (on account) $ 112,693 $ 1323593 $ 1455699 undle Books' accountant prepared the following schedule of cash payments for inventory purchases. Rundle Books' suppliers require hat 90 percent of purchases on account be paid in the month of purchase; the remaining 10 percent are paid in the month following he month of purchase. equired a. Complete the schedule of cash payments for inventory purchases by lling in the missing amounts. b. Determine the amount of accounts payable the company will report on its proforma 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 lling in the missing amounts. $ 100800 Payment for previous accounts payable 11 '000 Payment for current accounts payable Total budgeted payments for inventory $ 111800
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