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Cash payment budget 1 st quarter 2 nd quarter 3 rd quarter 4 th quarter Annual A/P from last year $ 335,200 $ - $ 335,200 1 st quarter purchases $ $ - $ 334,000 2 nd quarter purchases $ 73,480$ 260,520 ($ 334000*22%) ($ 334000*78%) $ 99,000 ($ 450000 *22%) $ 450,000 3 rd quarter purchases 474,000 $ 351,000 $ . $ ($ 450000 *78%) 104,280 $ 369,720 $ ($474000*22%) ($474000*78%) - $ 116,380 $ ($ 529000*22%) $ 455,280 $ 486,100 $ 4 th quarter purchases $ $ 116,380 Total $ 408,680 $ 359,520 1,709,580 Accounts payable at the end of 4 th quarer $ 412,620 Accounts payable at the end of the 4th quarter = 4 th quarter purchases *78% = 529000*78/100 = $ 412,620
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