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Lough company prepared the following purchases budget what

Problem - Lough Company prepared the following purchases budget:

June - $40,000

July - $43,000

August - $39,000

September - $46,000

October - $49,100

All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase.

What are the cash disbursements in October to account for the September purchases at Lough Company?

A) $25,300

B) $184,000

C) $8,000

D) $9,200

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Accounting Basics: Lough company prepared the following purchases budget what

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