Question: Please help me The following information for the second quarter of 2011 pertains to Huffington Company: Month April May June Sales $90,000 $120,000 $150,000 Purchases
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The following information for the second quarter of 2011 pertains to Huffington Company: Month April May June Sales $90,000 $120,000 $150,000 Purchases S48,000 $60,000 $84,000 . Cash is collected from customers in the following manner: Month of sale Month following the sale 30% 70% . 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. 9.) How much cash will be paid to suppliers in June? A. $69,600 B. $56,000 C. $88,000 D. None of the above is correct
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