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Peabody Company prepared the following purchases budget: Month Budgeted Purchases June $35,800 July $41,700 August $39,900 September $45,600 October $48,100 All purchases are paid for
Peabody Company prepared the following purchases budget: Month Budgeted Purchases June $35,800 July $41,700 August $39,900 September $45,600 October $48,100 All purchases are paid for as follows: 30% in the month of purchase, 60% in the following month, and 10% two months after purchase. What are the cash disbursements in October to account for the September purchases at Peabody Company? Question content area bottom Part 1 A. $27,360 B. $3,580 C. $4,560 D. $93,700
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