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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 1,2020 and the budgeted information for June and July 2020.
Selected Opening Balances as of June 1,2020
Cash $108,700
Accounts Receivable 45,000
Inventory 235,000
Long-term Assets 648,000
Accounts Payable 48,400
Shareholder's Equity 928,000
Budgeted Amounts
For the month of June:
Total Revenue $349,000
Total General and Administration Costs 185,000
Total Capital Expenditures 193,000
For the month of July:
Total Revenue 359,200
Total General and Administration Costs 203,000
Total Capital Expenditures 222,000
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 $193,000 capital expenditures for June, $99,000 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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