Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $39,000, $32,000, and $35,000, respectively. Cash paid in March Month of purchase $fill in the blank 1 Month after purchase fill in the blank 2 $fill in the blank 3
Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $39,000, $32,000, and $35,000, respectively. Cash paid in March Month of purchase $fill in the blank 1 Month after purchase fill in the blank 2 $fill in the blank 3
Chapter7: Budgeting
Section: Chapter Questions
Problem 12EA: Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the...
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Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $39,000, $32,000, and $35,000, respectively.
| Cash paid in | March |
| Month of purchase | $fill in the blank 1 |
| Month after purchase | fill in the blank 2 |
|
$fill in the blank 3
|
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