Fresh Air Inc., has a beginning accounts payable balance of $540 in February. Credit purchase for...

  

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Fresh Air Inc., has a beginning accounts payable balance of $540 in February. Credit purchase for February through May are $300, $330, $410 and $430, respectively. The accounts payable period is 60 days. How much cash did the firm disburse in the month of April? Assume that a year has 360 days. Fresh Air Inc., has a beginning accounts payable balance of $540 in February. Credit purchase for February through May are $300, $330, $410 and $430, respectively. The accounts payable period is 60 days. How much cash did the firm disburse in the month of April? Assume that a year has 360 days.

Answer rating: 100% (QA)

To determine the cash disbursement in the month of April we need to calculate the accounts payable b... View the full answer