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Tyler Sheen is the owner of Stopby Inn. He provided the selected opening balances as at June 1 , 2 0 2 0 and the
Tyler Sheen is the owner of Stopby Inn. He provided the selected opening balances as at June and the budgeted information for June and July
Selected Opening Balances as of June
Cash $
Accounts Receivable
Inventory
Longterm Assets
Accounts Payable
Shareholder's Equity
Budgeted Amounts
For the month of June:
Total Revenue $
Total General and Administration Costs
Total Capital Expenditures
For the month of July:
Total Revenue
Total General and Administration Costs
Total Capital Expenditures
Do not enter dollar signs or commas in the input boxes.
Round your answer to the nearest dollar
The companys monthly depreciation represents of general and administration costs. 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 $ capital expenditures for June, $ 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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