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Lough Company prepared the following purchases budget: Month Budgeted Purchases June $42.000 July $47.000 August $40,000 September $51,000 October $49.400 All purchases are paid for

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Lough Company prepared the following purchases budget: Month Budgeted Purchases June $42.000 July $47.000 August $40,000 September $51,000 October $49.400 All purchases are paid for as follows: 15% two months after purchase. 40% in the following month, and 45% in the month of purchase. What are the total cash disbursements in August to account for the purchase of merchandise at Lough Company? O A. $48,630 OB. $43,700 OC. $43,100 OD. $18,000

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