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Hector Company reports the following: July August September Sales $ 33,000 $ 41,000 $ 45,000 Purchases 19,470 24,190 33,000 Payments for purchases are made in

Hector Company reports the following:

July August September
Sales $ 33,000 $ 41,000 $ 45,000
Purchases 19,470 24,190 33,000

Payments for purchases are made in the month after purchase. Selling expenses are 20% of sales, administrative expenses are 8% of sales, and both are paid in the month of sale. Rent expense of $2,000 is paid monthly. Depreciation expense is $1,500 per month.

Prepare a schedule of budgeted cash disbursements for August and September.

HECTOR COMPANY
Budgeted Cash Disbursements
For August and September
August September

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