Dakota Williams is one of Texas's premiere party planners. She purchases a variety of supplies, such...
Dakota Williams is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Dakota has prepared the following purchases budget for the coming year: 1st Quarter $334,000 2nd Quarter $450,000 3rd Quarter $474,000 4th Quarter $529,000 Budgeted purchases Historically, Dakota has paid for 22 percent of her purchases in the quarter of purchase and 78 percent in the quarter following purchase. On December 31 of this year Dakota had a $335,200 accounts payable balance. Prepare Dakota's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) 1st Quarter 2nd Quarter 3 rd Quarter 4th Quarter Annual A/P from last year 335200 260520 351000 369720 1273540 1st quarter purchases 2nd quarter purchases T 99000 3rd quarter purchases 104280 4th quarter purchases Total Calculate the accounts payable balance at the end of 4th Quarter