FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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$26,443
$20701
$14,960
$13.221
$29.920
D
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Transcribed Image Text:$26,443 $20701 $14,960 $13.221 $29.920 D
The company places orders each quarter that are 64 percent of next quarter's sales and has a 30-day payables period. The projected sales for a year are
Q3
04
$ 70,125 $ 75,850
Sales
01
02
$ 54,825 $ 61,975
What is the accounts payable balance at the end of the second quarter?
Multiple Choice
$26,443
$20,701
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Transcribed Image Text:The company places orders each quarter that are 64 percent of next quarter's sales and has a 30-day payables period. The projected sales for a year are Q3 04 $ 70,125 $ 75,850 Sales 01 02 $ 54,825 $ 61,975 What is the accounts payable balance at the end of the second quarter? Multiple Choice $26,443 $20,701
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