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M8-15 (Algo) Preparing Cash Payments Budget (LO 8-4] Lindell Company made direct material purchases of $51,000 and $63,000 in September and October, respectively. The

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M8-15 (Algo) Preparing Cash Payments Budget (LO 8-4] Lindell Company made direct material purchases of $51,000 and $63,000 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? Cash paid for purchases in October $ 58,450

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