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Sherlock Company prepared the following purchases budget: Month June July August September October Budgeted Purchases $20,000 $13,000 $19.600 $16,000 $29,100 All purchases are paid for

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Sherlock Company prepared the following purchases budget: Month June July August September October Budgeted Purchases $20,000 $13,000 $19.600 $16,000 $29,100 All purchases are paid for as follows: 40% in the month of purchase, 45in the following month and 15% two months after purchase. What are the total cash disbursements in August to account for the purchase of merchandise at Sherlock Company? $8.000 516,690 $21.784 $14,200

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