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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

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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 $139,000 Accounts Receivable 145,000 Inventory 170,000 Long-term Assets 312,000 Accounts Payable 41,600 Stockholder's Equity 862,000 Budgeted Amounts For the month of June. Total Revenue $313,000 Total General and Administration Costs 186,000 Total Capital Expenditures 174,000 For the month of July Total Revenue 427 100 Total General and Administration Costs 200,000 Total Capital Expenditures 231,000 The company's monthly depreciation represents 25% 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 $174,000 capital expenditures for June, $120,000 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 $ 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 3 General Administration costs From June $ General Administration costs From July $ Capital Expenditure from June $ Capital Expenditure from July $ Total cash disbursement for July $

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