Exercise 20-30A Merchandising: Budgeted cash disbursements LO P4 Hector Company reports the following: Sales Purchases July 524,000 15,120 August $32,000 20,160 September 536,000 24,000 Payments for purchases are made in the month after purchase. Selling expenses are 20% of sales, administrative expenses are 9% of sales, and both are paid in the month of sale. Rent expense of $2.100 is paid monthly. Depreciation expense is $1.800 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 Prepare a schedule of budgeted cash payments for August and September. 2 HECTOR COMPANY Budgeted Cash Payments For August and September August September Payments for LEEEEDA