Christian Company Has the Following Information Purchases Are Paid as Follows:
10% in the Month of

question 112

Multiple Choice

Christian Company has the following information:
$\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 26,800 \\\text { February } & 29,000 \\\text { March } & 30,520 \\\text { April } & 29,480 \\\text { May } & 27,680\end{array}$
Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the expected balance in Accounts Payable at March 31?

• A) $2,900
• B) $18,312
• C) $30,520
• D) $39,068

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