Wateredge corporation has budgeted a total of 361800 in, Ask an Expert

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Wateredge Corporation has budgeted a total of $361,800 in costs and expenses for the upcoming quarter. Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of prepayments. Wateredge's current payables balance is $265,000 at the beginning of the quarter. Budgeted payments on current payables for the quarter amount to $370,000. what is the company's estimated current payables balance at the end of the quarter ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M945121

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