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Very confused.... Vivian Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory.

Very confused....

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Vivian Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory. April June May $119,000 $139,000 $151,000 Required purchases (on account) Vivian Books's accountant prepared the following schedule of cash payments for inventory purchases. Vivian Books's suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases April May June Payment for current accounts payable$ 101,150 Payment for previous accounts payable 12,000 Total budgeted payments for inventory $ 113,150

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