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Pequod Company Has Budgeted Inventory Purchases as Follows

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Pequod Company has budgeted inventory purchases as follows:
Pequod Company has budgeted inventory purchases as follows:    The budget assumes that 40% of a given month's purchases are paid in the month of purchase, and the remaining 60% is paid out one month later. Accounts payable to inventory suppliers at March 31 was $5,000. Please use the format below and prepare the budgeted cash payments for inventory purchases.   The budget assumes that 40% of a given month's purchases are paid in the month of purchase, and the remaining 60% is paid out one month later. Accounts payable to inventory suppliers at March 31 was $5,000. Please use the format below and prepare the budgeted cash payments for inventory purchases.
Pequod Company has budgeted inventory purchases as follows:    The budget assumes that 40% of a given month's purchases are paid in the month of purchase, and the remaining 60% is paid out one month later. Accounts payable to inventory suppliers at March 31 was $5,000. Please use the format below and prepare the budgeted cash payments for inventory purchases.


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