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M8-15 (Algo) Preparing Cash Payments Budget [LO 8-4] Lindell Company made direct material purchases of $48,200 and $60,200 in September and October, respectively. The company

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M8-15 (Algo) Preparing Cash Payments Budget [LO 8-4] Lindell Company made direct material purchases of $48,200 and $60,200 in September and October, respectively. The company pay 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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