Gordands purchased $600,000 of merchandise in August and expects to purchase $720,000 in September. Merchandise...
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Accounting
Gordands purchased $600,000 of merchandise in August and expects to purchase $720,000 in September. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. Compute cash disbursements for merchandise for September. cash disbursements for august purchases and September purchases?
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