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A city is preparing its cash forecast for the month of July. Based on the following information, compute the estimated cash disbursements for July. Items
A city is preparing its cash forecast for the month of July. Based on the following information, compute the estimated cash disbursements for July.
Items voucheder in July $650,000
Estimated payments in July for items vouchered in July 50%
Items voucheder in June $400,000
Estimated pymts in July for all items vouchered in June70%
Estimated pymts in July for items vouchered prior to June $50,000
Items vouchered in June but returned in July before pymt was made $20,000
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