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 April 30?

A) $38,220
B) $39,192
C) $29,400
D) $18,288