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Business, 23.12.2020 22:00 alyssaarnold230

Hector Company reports the following: July August September Sales $ 23,000 $ 31,000 $ 35,000 Purchases 13,800 18,600 23,000 Payments for purchases are made in the month after purchase. Selling expenses are 15% of sales, administrative expenses are 10% of sales, and both are paid in the month of sale. Rent expense of $2,500 is paid monthly. Depreciation expense is $1,600 per month. Prepare a schedule of budgeted cash payments for August and September.

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Hector Company reports the following: July August September Sales $ 23,000 $ 31,000 $ 35,000 Purchas...
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