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You are preparing a cash budget for the month of July. From the following information calculate your expected cash payments excluding purchases for July. Budgeted

You are preparing a cash budget for the month of July. From the following information calculate your expected cash payments excluding purchases for July. Budgeted figures for July:

Cleaning Expenses 250
Wages expense 950
Printing and Stationary Expense 850
Depreciation expense 450
Insurance expense 325

  • The insurance for 6 months in advance will be paid in July.
  • Wages expense includes the end of month adjusting entry accrual of $350.

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