56) Mudbug International has budgeted inventory purchases as follows: Apr May Jun Budgeted purchases $80,000 $75,000 $70,000 The budget assumes that 50% of a given month's purchases are paid in...

56) Mudbug International has budgeted inventory purchases as follows:

The budget assumes that 50% of a given month's purchases are paid in the month of purchase, and the remaining 50% is paid out one month later.   Accounts payable to inventory suppliers at March 31 was $38,000.   Please use the format below and prepare the budgeted cash payments for inventory purchases.

57) Pequod Company has budgeted inventory purchases as follows:

The budget assumes that 40% of a given month's purchases are paid in the month of purchase, and the remaining 60% is paid out one month later.   Accounts payable to inventory suppliers at March 31 was $5,000.   Please use the format below and prepare the budgeted cash payments for inventory purchases.