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Star Moving Systems,Inc The Terms of Payment Offered by the Suppliers Are to Purchased

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Essay

Star Moving Systems,Inc.has provided the following details for direct materials purchased on account in different months.
 Jan $35,000 Feb 28,000 March 34,000 April 39,000 May 32,000 June 29,000\begin{array} { l l } \text { Jan } & \$ 35,000 \\\text { Feb } &28 , 0 0 0 \\\text { March } &3 4 , 0 0 0 \\\text { April } & 3 9 , 0 0 0 \\\text { May } &3 2 , 0 0 0 \\\text { June } & 2 9 , 0 0 0 \end{array} The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month.Calculate the payments on account made during the first six months.


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