Creditors Accounts Are Settled 35% in the Month of Purchase

question 19

Multiple Choice

Creditors accounts are settled 35% in the month of purchase and 65% in the month following the purchase.If credit purchases are $20 000 in January and $26 000 in February how much cash is paid to creditors in February?

• A)$20 000
• B)$46 000
• C)$26 000
• D)$22 100

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