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X Company has the following information from its purchases budget, payroll budget and capital expenditures budget. Budgeted Month Inventory Purchases Payroll Capital Expenditures Depreciation
X Company has the following information from its purchases budget, payroll budget and capital expenditures budget. Budgeted Month Inventory Purchases Payroll Capital Expenditures Depreciation January February March 70,000 $ 80,000 $40,000 $10,000 100,000 $50,000 $12,000 $14,000 $15,000 $15,000 $60,000 $15,000 The company pays for all of its purchases of inventory in the month following the purchase. It pays 50% of its payroll in the month the wages are earned and 50% in the next month and it pays for all captial expensditures in the month of the purchase. Compute the total budgeted accounts payable and wages payable on February 28. Do use any dollar signs or commas. For example, enter $18,000 as 18000:
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