Find how much cash was paid for purchases in october

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Reference no: EM132750885

Lindell Company made direct material purchases of $48,000 and $60,000 in September and October, respectively. The company pays 60% of its purchases in the month of purchase and 40% is paid in the following month.

Problem 1: How much cash was paid for purchases in October?

Reference no: EM132750885

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