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: Category 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: Category May June July August Purchases $30,000 $42,000 $52,000 $52,000 Payroll 100,000 110,000 130,000 100,000 Purchases 10,000 10,000 14,000 14,000 Prepare a schedule showing cash disbursements by account for July and August. Waycross Manufacturing Schedule of Cash Disbursements For the Months of July and August July August Accounts payable $Answer $Answer Payroll Answer Answer Loan payments Answer Answer Total $Answer $