Assume that waycross manufacturing manages its cash flow from its home office. waycross controls cash disbursements by category and month. in setting its budget for the next six months, beginning in july, it used the following managerial guidelines:category guidelinespurchases

Pay half in current and half in following month.payroll

Pay 80 percent in current month and 20 percent in following month.loan payments

Pay total amount due each month.predicted activity for selected months follow:

Predicted activity for selected months follow:

Required

Prepare a schedule showing cash disbursements by account for july and august.

Category Purchases Payroll Loan payments May $ 30,000 100,000 10,000 June $ 44,000 110,000 10,000 July $ 48,000 120,000 15,000 August $ 50,000 100,000 15,000