Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 9.00

Waycross Manufacturing

Cash Disbursements
Assume that Waycross Manufacturing manages its cash flow from its home office. Waycross controls cash disbursements by category and month. In setting its budget for the next six months, beginning in July, it used the following managerial guidelines:

Category Guidelines
Purchases Pay half in current and half in following month.
Payroll Pay 90 percent in current month and 10 percent in following month.
Loan Payments Pay total amount due each month.

Predicted activity for selected months follow:

Category May June July August
Purchases $30,000 $48,000 $52,000 $54,000
Payroll 100,000 130,000 140,000 100,000
Purchases 10,000 10,000 12,000 12,000

Prepare a schedule showing cash disbursements by account for July and August.

Waycross Manufacturing
Schedule of Cash Disbursements
For the Months of July and August
  July August
Accounts payable $Answer $Answer
Payroll Answer Answer
Loan payments Answer Answer
Total $Answer $Answer

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 03:08 PM My Price 9.00

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