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Lough Company prepared the following purchases? budget: Month Budgeted Purchases June ?$40,000 July ?$43,000 August ?$39,600 September ?$46,000 October ?$49,100 All purchases are paid for
Lough Company prepared the following purchases? budget: Month Budgeted Purchases June ?$40,000 July ?$43,000 August ?$39,600 September ?$46,000 October ?$49,100 All purchases are paid for as? follows: 20% two months after? purchase, 55% in the following? month, and? 25% in the month of purchase. What are the total cash disbursements in October to account for the purchase of merchandise at Lough? Company?
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