Question: Determining the Accounts Payable also has to do with the Cash Payments because we need to determine what and how are you paying to calculate

Determining the Accounts Payable also has to do with the Cash Payments because we need to determine what and how are you paying to calculate the ending balance of Accounts Payable. DEC Company's budgeted inventory purchases are as follows:
October: $300,000
November: $350,000
December: $390,000
DEC pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase. What is the budgeted accounts payable balance on December 31st?

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