Accounting 2 Budgeted Cash Payments

Hector Company reports the following: Sales July August $28,000 $36,000 17,920 23,040 September $40,000 28,000 Purchases Payments for purchases are made in the month after purchase. Selling expenses are 18% of sales, administrative expenses are 8% of sales, and both are paid in the month of sale. Rent expense of $3,400 is paid monthly, Depreciation expense is $1,900 per month, Prepare a schedule of budgeted cash payments for August and September. HECTOR COMPANY Budgeted Cash Payments For August and September August September Payments for