Star Co. is a retail store specializing in contemporary furniture. The following information is taken from Star's
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Sales $540,000
Cost of goods sold 300,000
Merchandise inventory-June 1 150,000
Merchandise inventory-June 30 180,000
Accounts payable for purchases-June 1 85,000
Accounts payable for purchases-June 30 75,000
What amount should Star budget for cash disbursements for June purchases?
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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