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 $69,100

Accounts Receivable 65,000

Inventory 370,000

Long-term Assets 466,000

Accounts Payable 43,300

Shareholder's Equity 601,000

Budgeted Amounts

For the month of June:

Total Revenue $340,000

Total General and Administration Costs 187,000

Total Capital Expenditures 184,000

For the month of July:

Total Revenue 384,700

Total General and Administration Costs 210,000

Total Capital Expenditures 225,000

Do not enter dollar signs or commas in the input boxes.

Round your answer to the nearest dollar

The companys monthly depreciation represents 15% 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 $184,000 capital expenditures for June, $84,000 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