Oriole Company is a customer service organization that is in the process of working on various...

 

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Oriole Company is a customer service organization that is in the process of working on various components of its Cash Budget. Elizabeth, the accountant, is working on completing a Cash Disbursements Schedule and has decided to calculate Oriole's cash payment on Accounts Payable first. The company pays its bills in the following manner - 60% of purchases are paid in month of the purchase, 20% of purchases are paid in the month following the purchase, and the remaining 20% of purchases are paid in the second month following the purchase. It made the following purchases: March, $26000; April, $16100; May, $22200; June, $28300; and July, $20650. What will the total amount paid out by Accounts Payable for June be? $21420 O $24640 $28300 O $66600 Oriole Company is a customer service organization that is in the process of working on various components of its Cash Budget. Elizabeth, the accountant, is working on completing a Cash Disbursements Schedule and has decided to calculate Oriole's cash payment on Accounts Payable first. The company pays its bills in the following manner - 60% of purchases are paid in month of the purchase, 20% of purchases are paid in the month following the purchase, and the remaining 20% of purchases are paid in the second month following the purchase. It made the following purchases: March, $26000; April, $16100; May, $22200; June, $28300; and July, $20650. What will the total amount paid out by Accounts Payable for June be? $21420 O $24640 $28300 O $66600

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