Hector Company reports the following:

	July			August			September
Sales	$	20,000		$	28,000		$	32,000
Purchases		13,000			18,200			20,000

Payments for purchases are made in the month after purchase. Selling expenses are 17% of sales, administrative expenses are 11% of sales, and both are paid in the month of sale. Rent expense of $2,300 is paid monthly. Depreciation expense is $1,700 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: