Rivers Company purchases merchandise on account.In general,Rivers pays 50 percent in the month of purchase and 50 percent in the following month.All payments in the month of purchase qualify for a 2 percent cash discount.First quarter budgeted purchases are:

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The Answer of Rivers Company purchases merchandise on account.In general,Rivers pays 50 percent in the month of purchase and 50 percent in the following month.All payments in the month of purchase qualify for a 2 percent cash discount.First quarter budgeted purchases are:

Rivers Company Purchases Merchandise on Account