18*. Chester Co. has forecast purchases to be $330,000 in June, $375,000 in July, $310,000...
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Accounting
18*. Chester Co. has forecast purchases to be $330,000 in June, $375,000 in July, $310,000 in August, and $270,000 in September. Purchases average 30% paid in cash, 70% are on credit. Credit purchases are paid 60% in the month of purchase, 30% during the month following, and 10% the second month following the purchase. Cash disbursements in September would be A. $113,400 B. $81,000 C. $292,500 D. $285,750
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