Hector Company reports the following:

	July			August			September
Sales	$	31,000		$	39,000		$	43,000
Purchases		17,670			22,230			31,000

Payments for purchases are made in the month after purchase. Selling expenses are 20% of sales, administrative expenses are 12% of sales, and both are paid in the month of sale. Rent expense of $3,300 is paid monthly. Depreciation expense is $1,500 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: