Twilight Company has the following information: $\begin{array}{lr}
\text { Month } & \text { Budgeted Purchases } \
\hline \text { January } & \$ 26,800 \
\text { February } & 29,000 \
\text { March } & 30,520 \
\text { April } & 29,480 \
\text { May } & 27,680
\end{array}$ Purchases are paid for in the following manner: 10% in the month of purchase
50% in the month after purchase
40% two months after purchase
_____ is the expected Accounts Payable balance as of May 31.
A)$11,792
B)$24,912
C)$36,704
D)$2,948

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The Answer of Twilight Company has the following information: $\begin{array}{lr}
\text { Month } & \text { Budgeted Purchases } \
\hline \text { January } & \$ 26,800 \
\text { February } & 29,000 \
\text { March } & 30,520 \
\text { April } & 29,480 \
\text { May } & 27,680
\end{array}$ Purchases are paid for in the following manner: 10% in the month of purchase
50% in the month after purchase
40% two months after purchase
_____ is the expected Accounts Payable balance as of May 31.
A)$11,792
B)$24,912
C)$36,704
D)$2,948

Twilight Company Has the Following Information Purchases Are Paid for in the Following Manner: 10% in