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You are the accountant of a small company, and the owner has asked you to prepare a cash budget for the month of August. From
You are the accountant of a small company, and the owner has asked you to prepare a cash budget for the month of August. From the following information, calculate your expected cash payments for August.
Budgeted figures for August:
Telephone and internet expense | 465 |
Wages expense | 1,250 |
Advertising expense | 850 |
Depreciation expense | 450 |
Insurance expense | 300 |
- The insurance is paid 6 months in advance in April $1,800.
- Wages expense includes the end of month adjusting entry accrual of $400.
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