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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 July. From
You are the accountant of a small company and the owner has asked you to prepare a cash budget for the month of July. From the following information calculate your expected cash payments or 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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