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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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