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Vaughn Design provided the following budgeted information for April through July: April May June July Projected sales $103800 $122800 $114900 $132100 Projected merchandise purchases $81500

Vaughn Design provided the following budgeted information for April through July:

April May June July
Projected sales $103800 $122800 $114900 $132100
Projected merchandise purchases $81500 $92000 $78200 $65900

  • The cash balance on June 1 is $12000. The company pays 30% of merchandise purchases in the month purchased and 70% in the following month.
  • General operating expenses are budgeted to be $30600 per month of which depreciation is $3000 of this amount. Management pays operating expenses in the month incurred.
  • The company makes loan payments of $4000 per month of which $610 is interest and the remainder is principal.

How much are budgeted cash disbursements for June?

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