Solution-Calculate balance of accounts payable

Calculate balance of accounts payable

Reference no: EM131697700

Question: Delleate Inc. has prepared the following purchases budget: Month Budgeted Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate balance of Accounts payable at the end of October.

A) $77,680

B) $91,760

C) $69,330

D) $74,290

Reference no: EM131697700

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Calculate balance of accounts payable

Reference no: EM131697700

Reference no: EM131697700

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