Virginia Enterprises makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30% Paid in the first month following purchase: 50% Paid in the second month following purchase: 20%

The purchases for April, May, and June were $220,000, $260,000, and $270,000, respectively.

Required:

1. what was the firm's budgeted cash payment in May?

2. what was the firm's budgeted cash payment for the whole quarter?

3. What is the balance of accounts payable at the end of June?