Question
Lindell Company made direct material purchases of $51,800 and $63,800 in September and October, respectively. The company pays 60% of its purchases in the month
Lindell Company made direct material purchases of $51,800 and $63,800 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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Modern Auditing
Authors: Graham Cosserat
1st Edition
0471810584, 9780471810582
