Lough Company prepared the following purchases budget: Month June Budgeted Purchases $43,000 $45,000 $39,300 $52,000...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Lough Company prepared the following purchases budget: Month June Budgeted Purchases $43,000 $45,000 $39,300 $52,000 $48,100 August September October All purchases are paid for as follows: 5% two months after purchase, 40% in the following month, and 55% in the month of purchase What are the cash disbursements in October to account for the September purchases at Lough Company? OA. $52,000 B. $2,600 O c. $20,800 O D. $2,150
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
