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A Company reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are:
March April May June July
Budgeted sales. $300700. $289300. $320400. $280300 $210600
Budgeted purchases $143500 $119000 $128500 $131400 $89600
Question 1: How much is Company's budgeted balance for Accounts Payable at May 31, 2020?
Option 1: $124700
Option 2: $71400
Option 3: $51400
Option 4: $77100
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