FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month after the purchase, and 5% in the second month following the purchase. It made the following purchases at the end of 2017 and the beginning of 2018:

Nov. 2017 Dec. 2017 Jan. 2018 Feb. 2018 Mar. 2018
$61,000 $52,000 $36,000 $38,000 $46,000

Given the above purchases, how much cash will be paid in quarter 2018?

Cash paid $fill in the blank 1

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