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Purchases on account are given below: 70% of the month's purchases will be paid in...

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Accounting

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Purchases on account are given below: 70% of the month's purchases will be paid in the month of the purchase; the remaining 30% will be paid in the following month. Assume no purchases were made prior to October. How much will the cash payments for purchases be in October? Multiple Cholce $42,000 $45,500 $46,000 $50,000

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