Question
Month Budgeted Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 All purchases are paid for as follows: 10% in the month of
Month Budgeted Purchases June $67,000 July 72,500 August 76,300 September 73,700 October 69,200 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase.
1. What are the cash disbursements in August for June purchases?
2. What are the cash disbursements in October for September purchases?
3. What are the total cash disbursements in August for the purchase of merchandise?
4.
What are the total cash disbursements in October for the purchase of merchandise?
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Accounts Book Self Employed Simple Bookkeeping Record Book For Sole Trader And Small Businesses
Authors: Meskin Logs
B0CFCQ1K17
