Blake Sodas, Inc. has budgeted for direct materials inventory purchases as follows: October: $345,000 November: $370,000 December: $440,000 Blake Sodas, Inc. pays 10% of its purchases during the month of purchase, the 70% during the month following the purchase, and the remaining 20% two months after the month of purchase. calculate What is the budgeted balance of accounts payable as of December 31?

Answer rating: 100% (QA)

October November December Begining account payable AddBudgeted Purchases 0 ... View the full answer