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Della Company prepared the following purchases budget: Budgeted Month Purchases June $67,000 July $72,500 August $76,300 September $73.700 October $69,200 All purchases are paid for
Della Company prepared the following purchases budget: Budgeted Month Purchases June $67,000 July $72,500 August $76,300 September $73.700 October $69,200 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. What are the total cash payments made in August for purchases? $72,630 $70,680 $70,520 $63,500
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