Perry Company prepared the following purchases budget: Month Budgeted Purchases June $ 4 1 , 0 0

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Perry Company prepared the following purchases budget:

Month Budgeted Purchases

June $

41, 000

July $

40, 000

August $

39, 000

September $

49, 000

October $

49, 400

All purchases are paid for as follows:

25 %

two months after purchase,

45 %

in the following month, and

30 %

in the month of purchase.

What are the total cash disbursements in August to account for the purchase of merchandise at Perry Company?

Related Book For answer-question

Management Accounting

ISBN: 9780077185534

6th Edition

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

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Posted Date: Mar 15, 2024 02:42 AM

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Perry Company prepared the following purchases budget: Month Budgeted Purchases June $ 4 1 , 0 0

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