Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $35,304, $36,973, and $39,905, respectively. Round to the nearest penny, two decimal places.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 12EA: Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the...
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Desiccate purchases direct materials each month. Its payment history shows
that 70% is paid in the month of purchase with the remaining balance paid the
month after purchase. Prepare a cash payment schedule for March if in January
through March, it purchased $35,304, $36,973, and $39,905, respectively.
Round to the nearest penny, two decimal places.
Transcribed Image Text:Desiccate purchases direct materials each month. Its payment history shows that 70% is paid in the month of purchase with the remaining balance paid the month after purchase. Prepare a cash payment schedule for March if in January through March, it purchased $35,304, $36,973, and $39,905, respectively. Round to the nearest penny, two decimal places.
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