Walton Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to

purchase the following inventory:

Walton Books' accountant prepared the following schedule of cash payments for inventory purchases. Walton Books' suppliers require

that $90$ percent of purchases on account be paid in the month of purchase; the remaining $10$ 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.

b$.$ Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

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Required A

Complete the schedule of cash payments for inventory purchases by filling in the missing amounts.