Suffolk Corporation expects to incur $360,000 in expenses during June (excluding interest and taxes). Of this amount, depreciation is budgeted at $70,000, and expired prepayments are budgeted at $35,000. Suffolk's current payables total $60,000 at June 1 and are budgeted to increase to $70,000 by June 30.
Payments on current payables budgeted for June total: $_____________

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The Answer of Suffolk Corporation expects to incur $360,000 in expenses during June (excluding interest and taxes). Of this amount, depreciation is budgeted at $70,000, and expired prepayments are budgeted at $35,000. Suffolk's current payables total $60,000 at June 1 and are budgeted to increase to $70,000 by June 30.
Payments on current payables budgeted for June total: $_____________

Suffolk Corporation Expects to Incur $360,000 in Expenses During June