The following budgeted information is available for Jack’s Feed Store in June 2005.

Selling and administrative expenses are paid in the month incurred and purchases are paid in the month following the purchase. Purchases for May 2005 are \($75,000\). No equipment purchases or additional expenditures are made during the month.
Required: Prepare a cash payment schedule for June 2005.

Transcribed Image Text:

Salaries Rent Electricity Depreciation Other Expenses Purchases $12,000 600 140 800 700 80,000