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Take me to the text Tyler Sheen is the owner of MTE Incorporated. He provided the selected opening balances as at June 1, 2019 and
Take me to the text Tyler Sheen is the owner of MTE Incorporated. He provided the selected opening balances as at June 1, 2019 and the budgeted information for June and July 2019. Selected Opening Balances as of June 1, 2019 Cash $98,400 Accounts Receivable 79,000 235,000 Inventory Long-term Assets 791,000 56,400 Accounts Payable Stockholder's Equity 690,000 Budgeted Amounts For the month of June: $297,000 Total Revenue Total General and Administration Costs 240,000 32C Mostly BE O . For the month of June: Total Revenue $297,000 Total General and Administration Costs 240,000 Total Capital Expenditures 195,000 For the month of July: Total Revenue 446,400 Total General and Administration Costs 256.000 Total Capital Expenditures 269,000 Do not enter dollar signs or commas in the input boxes, Round your answer to the nearest dollar The company's monthly depreciation represents 15% of general and administration costs. 65% percent of the general and administration costs (excluding depreciation) are paid in the month in which they are incurred, and the rest is recorded in accounts payable to be paid in the next month of the $195,000 capital expenditures for June $97,000 will be paid in July. The remaining amount will be paid in the month in which they are incurred. a) Calculate the total cash disbursement for the month of June, General Administration costs from May $ General Administration costs from June $ WIN Capital Expenditure $ 32C Mostly clo accounts payable to be part in the next month. urme 193u Caprar expenerures Torne, WHY DE para may remaining amount will be paid in the month in which they are incurred. a) Calculate the total cash disbursement for the month of June. General Administration costs from May $ General Administration costs from June $ Capital Expenditure $ Total cash disbursement for June $ b) Calculate the total cash disbursement for the month of July. General Administration costs From June $ General Administration costs From July $ Capital Expenditure from June $ Capital Expenditure from July $ Total cash disbursement for July $ 32C Mostly c Check
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