Question

look Print 6 No complete and out of 100 g Cash Disbursement Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been este percent of Lumber purchases and payments are to be made during the month preceding the month of sale. W e weestimated at 15 percent of sales and are paid during the month of sale other operating costs amounting to 10 percentuales are to be paid in the month following the month of Additional month ase payment of 524.000 is paid for computer services Server forecast foow 270.000 Required Prepare a schedule of cash disbursements for Anil May, and June Do not use angesien with your answers Timber Company of Case Check

Answer 1

Prepare schedule of cash disbursements as follows: A B C D Timber Company Schedule of Cash Disbursements April, May & June April May June 5 Lumber Purchases $1,89,000 $1,75,000 $2,03,000 6 Wages $ 34,500 $ 40,500 $ 37,500 7 Operating Expenses $ 22,000 $ 23,000 $ 27,000 8 Lease Payment $ 24,000 $ 24,000 $ 24,000 9 Total Disbursement $2,69,500 $2,62,500 $2,91,500 Calculations: A B C D Timber Company Schedule of Cash Disbursements April, May & June April May June 5 Lumber Purchases =270000*70% =250000*70% =290000*70% 6 Wages =230000*15% =270000*15% =250000*15% 7 Operating Expenses =220000*10% 1=230000*10% =270000*10% 8 Lease Payment 24000 24000 24000 9 Total Disbursement =SUM(B5:B8) =SUM(C5:08) =SUM(D5:08)