Exercise 22-30A Merchandising: Budgeted cash disbursements LO P4 Hector Company reports the following July August September $16,000 $24, 000 $28, 000 8, 800 13, 200 16,000 Sales Purchase:s Payments for purchases are made in the month after purchase. Selling expenses are 16% of sales, administrative expenses are 12% of sales, and both are paid in the month of sale. Rent expense of $2,700 is paid monthly. Depreciation expense is $1,200 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