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Question Help Lough Company prepared the following purchases budget: Month Budgeted Purchases June $37,000 July $48,000 August $39,700 September $51,000 October $49,700 All purchases are
Question Help Lough Company prepared the following purchases budget: Month Budgeted Purchases June $37,000 July $48,000 August $39,700 September $51,000 October $49,700 All purchases are paid for as follows: 5% two months after purchase, 40% in the following month, and 55% in the month of purchase. What are the cash disbursements in October to account for the September purchases at Lough Company? O A $1,850 OB. $51,000 O C. $20,400 OD. $2,550 Click to select your
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