Question
Lindell Company made direct material purchases of $48,000 and $60,000 in September and October, respectively. The company pays 60% of its purchases in the month
Lindell Company made direct material purchases of $48,000 and $60,000 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month.
How much cash was paid for purchases in October?
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College Accounting Chapters 1-24
Authors: Tracie L Nobles, Cathy Scott
11th Edition
1111528306, 978-1111528300
