25) Delleate Inc. has prepared the following purchases budget: Month Budgeted Purchases June $67,000 July...
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25) Delleate Inc. has prepared the following purchases budget: Month Budgeted Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate balance of Accounts payable at the end of October. A) $77,680 B) $91,760 C) $69,330 D) $74,290
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