# Acounting 202

Dokken & Dietrich’s Donut Company pays for 25% of its inventory purchases in the
month of the purchase and the remainder in the following month. The company’s
inventory purchases totaled \$840,000 in October, \$920,000 in November, and \$600,000
in December. The company also paid for new equipment with a total cost of \$380,000 in
November and made a tax payment of \$130,000 in December. Salaries and wages were
\$300,000 in November and \$275,000 in December.

Determine the firm’s cash disbursements for November and December.

1. 👍
2. 👎
3. 👁

## Similar Questions

1. ### accounting

A company uses a sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. A perpetual inventory system is used. The following transactions were completed by the company during the

2. ### Accounting

Krollon Company uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments: According to the company’s costing system, the

3. ### Math

A sneaker outlet has made the following wholesale purchases of new running shoes: 12 pairs at \$45, 18 pairs at \$40 and 20 pairs at \$50. An inventory taken last week indicates that 23 pairs are still in stock. Calculate the cost of

4. ### accounting

In its first month of operations, Danielle Company made three purchases of merchandise in the following sequence: (1) 161 units at \$17, (2) 414 units at \$18, and (3) 115 units at \$19. Assuming there are 271 units on hand, compute

1. ### Math

If paul pays the newspaper company 70% of what he collects how much would he keep for himself in a month when he collected \$450.00

The company opened a special checking account. The charge for each check written was either .55 or \$6 a month whichever is greater. At the beginning of the month, the company checkbook balance was \$695.18. The company wrote 14

3. ### Accounting

A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, \$4,000; Transportation-In, \$450; Purchases, \$12,000; Purchases Returns and Allowances, \$2,300;

4. ### Accounting

In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence: (1) 260 units at \$5, (2) 360 units at \$7, and (3) 460 units at \$8. Assuming there are 160 units on hand at the end of

1. ### Accounting

The beginning inventory of Merchandise at Waldo Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total March 3 Inventory 60 \$1500 \$90,000 8 Purchase 120 1800