Peabody Company prepared the following purchases budget: MONTH BUDGETED PURCHASES June 35200 July 42300 August 38700 September 45100 October 49700 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 total cash disbursements in October to account for the purchase of merchandise at Peabody Company?

Peabody Company prepared the following purchases budget: MONTH BUDGETED PURCHASES June 35200 July 42300 August 38700 September 45100 October 49700 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 total cash disbursements in October to account for the purchase of merchandise at Peabody Company?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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