Gordands purchased $ 600,000 of merchandise in August and expects to purchase $ 720,000 in September. Merchandise

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Gordands purchased $ 600,000 of merchandise in August and expects to purchase $ 720,000 in September. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. Compute cash disbursements for merchandise for September.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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