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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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