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  3. a company budgets the following merchandising purc

A company budgets the following merchandising purchases: April: $70,000; May $90,000; June: $60,000. All purchases...

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Accounting

A company budgets the following merchandising purchases: April: $70,000; May $90,000; June: $60,000. All purchases are on account and the company pays 25% of purchases in the month of the purchase, 50% in the month after the purchase, and the remaining balance in the second month after the purchase. Cash disbursements for June for merchandise is $

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