Use the following to answer the question. Sales Purchases Jumbotron Data (All Months have 30 days) December $14,000 $7,000 a. $6,533 b. $5,600 c. $8,000 d. $1,867 January $10,000 $8,700 February $12,000 $6,600 March $8,000 $6,000 Jumbotron Inc. collects its receivables in 15 days and pays its payables in 20 days. All sales and purchases are on credit. All months have 30 days. What was Jumbotron's total cash disbursement in February? (To the nearest S)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following to answer the question
Sales
Purchases
Jumbotron Data (All Months have 30 days)
December
$14,000
$7,000
a. $6,533
b. $5,600
c. $8,000
d. $1,867
January
$10,000
$8,700
February
$12,000
$6,600
March
$8,000
$6,000
Jumbotron Inc. collects its receivables in 15 days and pays its payables in 20 days. All sales and purchases are on credit. All
months have 30 days. What was Jumbotron's total cash disbursement in February? (To the nearest $)
Transcribed Image Text:Use the following to answer the question Sales Purchases Jumbotron Data (All Months have 30 days) December $14,000 $7,000 a. $6,533 b. $5,600 c. $8,000 d. $1,867 January $10,000 $8,700 February $12,000 $6,600 March $8,000 $6,000 Jumbotron Inc. collects its receivables in 15 days and pays its payables in 20 days. All sales and purchases are on credit. All months have 30 days. What was Jumbotron's total cash disbursement in February? (To the nearest $)
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