
Estate Corp., has the following information:
Purchases are paid for in the following manner:
10% of the purchase amount in the month of purchase
50% of the purchase amount in the month after purchase
40% of the purchase amount in the second month after purchase
What is the expected balance in Accounts Payable as of March 31?
A) $37,290
B) $14,250
C) $2,910
D) $25,650
Correct Answer:
Verified
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