Toscano Company makes all sales on account. Accounts receive value payment experience in as follows. Percentage in the month of sale. 40%. Percent paid in the month affect the sale 60%. Toscano provided information on sales as follows: May $140,000 June $115,000 July $126,000 August $132,000 Refer To Figure 9-6. How much of June credit sales are expected to be collected in the month of July? $30,000 $69,000 $66,000 $73, 6000 $46,0000 Refer to the Figure 9-6. What is budgeted cash to be collected on account for the month of August? $115,000 $132,000 $52.800 $75, 600 $128, 600 Lambert Company purchased $140.000 of goods m September and expects to purchase $30,000 of goods in October. Lambert typically pays for 10% of purchases m the month of purchase and 90% in the following month. Every month. Lambert must make the following payments: Rent $5.000 Wages $14,000 Utilities $3.000 Telephone $400 Loan on equipment $1.200 In mid-October, Lambert expects to buy a new computer for $4, 500 using the company credit card. Typically the credit card bill is paid in full in the following month. September credit card purchases totaled $6,000. Refer to Figure 9-7. What is Lambert's expected cash disbursement in October for purchases of goods? $141,000 $135,000 $139,000 $138,000 $26,000 5