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6:18 Marked out of 1.00 P Flag question Time left 0:16:59 Sarab Company purchases its...

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Accounting

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6:18 Marked out of 1.00 P Flag question Time left 0:16:59 Sarab Company purchases its raw materials from one supplier, Moon Company. The terms between the two companies call for paying 30% upon order, 20% after one month, and 50% after 2 months, of all orders made. Sarab made the following orders in the first 3 months of the year 2021: Month Order amount ($) January 54,000 February 82,000 March 78,000 What is the balance in the account payable account owed to Moon Company, as it appears on the books of Sarab Company, on 1/4/2021? (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500) Answer: itc.birzeit.edu

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