Cash Disbursements 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:

Purchases	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:

Purchases	$30,000	$42,000	$52,000	$52,000
Payroll	100,000	110,000	130,000	100,000
Loan Payments	10,000	10,000	14,000	14,000

Prepare a schedule showing cash disbursements by account for July and August.

Accounts payable	$	$
Payroll
Loan payments
Total	$	$