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Tyler Sheen is the owner of Sheen's Inn. He provided the selected opening balances as at June 1, 2020 and the budgeted information for June

Tyler Sheen is the owner of Sheen's Inn. He provided the selected opening balances as at June 1, 2020 and the budgeted information for June and July 2020.

Selected Opening Balances as of June 1, 2020
Cash $49,500
Accounts Receivable 100,000
Inventory 340,000
Long-term Assets 758,000
Accounts Payable 59,300
Shareholder's Equity 827,000

Budgeted Amounts
For the month of June:
Total Revenue $313,000
Total General and Administration Costs 199,000
Total Capital Expenditures 156,000
For the month of July:
Total Revenue 356,900
Total General and Administration Costs 223,000
Total Capital Expenditures 250,000

Do not enter dollar signs or commas in the input boxes. Round your answer to the nearest dollar The companys monthly depreciation represents 20% of general and administration costs. 70% 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 $156,000 capital expenditures for June, $98,000 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 $Answer General Administration costs from June $Answer Capital Expenditure $Answer Total cash disbursement for June $Answer b) Calculate the total cash disbursement for the month of July. General Administration costs From June $Answer General Administration costs From July $Answer Capital Expenditure from June $Answer Capital Expenditure from July $Answer Total cash disbursement for July $Answer

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