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Question
Use the following data to determine the company's cash disbursements for August and September:| July | August | September | |||
| Sales"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | $24,000 | $32,000 | $36,000 | ||
| Purchases"u00a6"u00a6"u00a6"u00a6. | 14,400 | $19,200 | $21,600 | ||
Payments for purchases"u00a6"u00a6"u00a6.. |
One month after purchase | ||||
| Selling expenses"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | 15% of sales, paid in the month of sale | ||||
| Administrative expenses"u00a6"u00a6"u00a6.. | 10% of sales, paid in the month of sale | ||||
| Rent expense"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | $2,400 per month | ||||
| Equipment depreciation"u00a6"u00a6"u00a6"u00a6 | $1,300 per month | ||||
Answer
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