Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at $70$ percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at $15$ percent of sales and are paid during the month of sale. Other operating costs amounting to $10$ percent of sales are to be paid in the month following the month of sale. Additionally, a monthly lease payment of $$44,000$ is paid for computer services. Sales revenue is forecast as follows Cash Disbursement

Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at $70$ percent of sales. Lumber purchases and payments are to be made during the month

preceding the month of sale. Wages are estimated at $15$ percent of sales and are paid during the month of sale. Other operating costs amounting to $10$ percent of sales are to be paid in the month following the

month of sale. Additionally, a monthly lease payment of $$44,000$ is paid for computer services. Sales revenue is forecast as follows

Required

Prepare a schedule of cash disbursements for April, May, and June.

Do not use a negative sign with your answers.

Month Sales Revenue

February $$200,000$

March $240,000$

April $250,000$

May $290,000$

June $270,000$

July $310,000$

Required

Prepare a schedule of cash disbursements for April, May, and June.

Do not use a negative sign with your answers.

Timber Company

Schedule of Cash Disbursements

April, May, and June

April May June

Lumbers purchases Answer $1$

$0$

Answer $2$

$0$

Answer $3$

$0$

Wages Answer $4$

$0$

Answer $5$

$0$

Answer $6$

$0$

Operating expenses Answer $7$

$0$

Answer $8$

$0$

Answer $9$

$0$

Lease payment Answer $10$

$0$

Answer $11$

$0$

Answer $12$

$0$

Total disbursements Answer $13$

$0$

Answer $14$

$0$

Answer $15$

$0$