Goliath Company prepared the following purchase budget: Month Budgeted Purchases June...............................................$35,600 July................................................$42,500 August...........................................$39,600 September.......................................$45,800 October..........................................$49,400 All purchases

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Goliath Company prepared the following purchase​ budget:
Month Budgeted Purchases
June...............................................​$35,600
July................................................​$42,500
August...........................................​$39,600
September.......................................​$45,800
October..........................................​$49,400
All purchases are paid for as​ follows: 30% in the month of​ purchase, 45% in the following​ month, and​ 25% two months after purchase.
What are the cash disbursements in August to account for the June purchases at Goliath​ Company?
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Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

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