Di & Co. makes all of its sales on credit. Budgeted sales (in units) are 10,000 in July, 11,000 in August, 12,000 in September, and 13,000 in October.

Selling Price is $12 per unit. Purchases are equal to 70% of projected sales dollars for the following month. Purchases are paid in full in the month after purchase. Selling and distribution expenses are expected to be $8,000 per month and are paid fully each month. In addition, depreciation is $3,500 each month. All numbers are GST-inclusive, and tax is reported on a cash basis.

Required:

(a) Prepare a schedule of cash payments budget for the July-September quarter.

(b) Cash payment of July.__________

(c) Input-tax credit for July. _________

(d) Cash payment of August.__________

(e) Input-tax credit for August. _________

(f) Cash payment of September.__________

(g) Input-tax credit for September. _________

(h) Accounts Payable balance at the end of September.___________