Dickey Books' accountant prepared the following schedule of cash payments for inventory purchases. Dickey Books' suppliers...
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Dickey Books' accountant prepared the following schedule of cash payments for inventory purchases. Dickey Books' suppliers require that 90 percent of purchases on account be paid in the month of purchase; the remaining 10 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases April May $ 63,000 $ 72.000 4,000 $ 67,000 Payment for current accounts payable Payment for previous accounts payable Total budgeted payments for inventory wwwwwwwwwwwwwwwww < Required A June Required B > Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Accounts payable Dickey Books' accountant prepared the following schedule of cash payments for inventory purchases. Dickey Books' suppliers require that 90 percent of purchases on account be paid in the month of purchase; the remaining 10 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases April May $ 63,000 $ 72.000 4,000 $ 67,000 Payment for current accounts payable Payment for previous accounts payable Total budgeted payments for inventory wwwwwwwwwwwwwwwww < Required A June Required B > Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Accounts payable
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
Posted Date:
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