Q-7

NOTE: I NEED ACCURATE ANSWERS IN TEXT FORM. Please fulfill the requirement completely.

Lukaku Co, expects to purchase $220,000 of materials in September and $260,000 of materials in October. 60% of all purchases are paid for in the month of purchase, and the remaining 40% are paid for in the month following the month of purchase. Required: Prepare the cash disbursements budget for materials purchases for the month of October only