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5 7/20 Goliath Company prepared the following purchases budget: Month Budgeted Purchases June $35,600 July $42,500 August $39,600 September $45,800 October $49,400 All purchases are

5 7/20

Goliath Company prepared the following purchases budget:

Month

Budgeted Purchases

June

$35,600

July

$42,500

August

$39,600

September

$45,800

October

$49,400

All purchases are paid for as follows: 30% in the month of purchase, 45% in the following month, and 25% two months after purchase.

What are the cash disbursements in August to account for the June purchases at Goliath Company?

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