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ABC Company's raw materials purchases for June, July, and August are budgeted at $46,000,$36,000, and...

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Accounting

ABC Company's raw materials purchases for June, July, and August are budgeted at $46,000,$36,000, and $61,000, respectively. Based on past experience, ABC expects that 40% of a month's raw material purchases will be paid in the month of purchase and 60% in the month following the purchase.
Required:
Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August.
\table[[,June,July,August],[Budgeted raw material purchases,,,],[August cash payments:,,,],[Current month's purchases,,,],[Prior month's purchases,,,],[Total cash payments,,,]]
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