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Goliath Company prepared the following purchases budget: Month Budgeted Purchases June $35,400 July $41,600 August $39,100 September $44,100 October $48,900 All purchases are paid for
Goliath Company prepared the following purchases budget:
Month | Budgeted Purchases |
June | $35,400 |
July | $41,600 |
August | $39,100 |
September | $44,100 |
October | $48,900 |
All purchases are paid for as follows:
35%
in the month of purchase,
45%
in the following month, and
20%
two months after purchase.
What are the cash disbursements in October to account for the September purchases at Goliath Company?
A.
$7,080
B.
$8,820
C.
$93,000
D.
$ 19,845
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