Brooke-lyn makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30% Paid in the first month…
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Brooke-lyn makes all purchases on account, subject to the following payment pattern:Paid in the month of purchase: 30%Paid in the first month following purchase: 65%Paid in the second month following purchase: 5%If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm’s budgeted payables balance on June 30?
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