View Policies Current Attempt in Progress John Johnson is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. John has prepared the following purchases budget for the coming year: 1st Quarter 4th Quarter 2nd Quarter 3rd Quarter $475,000 Budgeted purchases $200,000 $460,000 $555,000 Historically, John has paid for 40% of her purchases in the quarter of purchase and 60% in the quarter following purchase. On December 31 of this year John had a $250,000 accounts payable balance. Prepare John's cash payments budget for the coming year. (Enter answers in necessary fields only. Lelive other fields blank. Do not enter O) 1st Quarter 2nd Quarter 3rd Quarter A/P from last year $ $ 1st Quarter A/P from last year 1st quarter purchases 2nd quarter purchases 3rd quarter purchases 4th quarter purchases Total $ $ Calculate the accounts payable balance at the end of 4th Quarter. $ 2nd Quarter $ $ 3rd Quarter w 2nd Quarter he accounts payable balance at the end of 4th Quarter. 3rd Quarter $ $ 4th Quarter $ $ Annual GA - Calculate the accounts payable balance at the end of 4th Quarter. Accounts Payable balance at the end of 4th Quarter $ eTextbook and Media Save for Later VA GA Attempts: unlimited
