Estate Corp., Has the Following Information

Multiple Choice

Estate Corp., has the following information:

Purchases are paid for in the following manner:
10% of the purchase amount in the month of purchase
50% of the purchase amount in the month after purchase
40% of the purchase amount in the second month after purchase
What is the expected balance in Accounts Payable as of March 31?

A) $37,290
B) $14,250
C) $2,910
D) $25,650