ABC Company's raw materials purchases for June, July, and August are budgeted at $$ and $ respectively. Based on past experience, ABC expects that of a month's raw material purchases will be paid in the month of purchase and in the month following the purchase.
Required:
Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August.
tableJune,July,AugustBudgeted raw material purchases,,,August cash payments:,,,Current month's purchases,,,Prior month's purchases,,,Total cash payments,,,
