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Lough Company prepared the following purchases budget: Month Budgeted Purchases June $36,000 July $49,000 August $39,700 September $46,000 October $49,000 All purchases are paid for
Lough Company prepared the following purchases budget: Month Budgeted Purchases June $36,000 July $49,000 August $39,700 September $46,000 October $49,000 All purchases are paid for as follows: 25% two months after purchase, 45% in the following month, and 30% in the month of purchase. What are the cash disbursements in October to account for the September purchases at Lough Company? O A. $46,000 O B. $11,500 OC. $9,000 OD. $20,700
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