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Spark Company Has the Following Data

Question 122

Essay

Spark Company has the following data:
Spark Company has the following data: Purchases are paid as follows: 10% in the month of purchase 80% one month after purchase 10% two months after purchase Required: Prepare a schedule of cash disbursements for purchases for March,April and May. Purchases are paid as follows:
10% in the month of purchase
80% one month after purchase
10% two months after purchase
Required:
Prepare a schedule of cash disbursements for purchases for March,April and May.

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