Jake Company reports the following:
| July | August | September |
Sales | $24,000 | $32,000 | $36,000 |
Purchases | 14,400 | 19,200 | 21,600 |
Payments for purchases are made in the month after purchase. Selling expenses are 15% of sales, administrative expenses are 10% of sales, and both are paid in the month of sale. Rent expense of $2,400 is paid monthly. Depreciation expense is $1,300 per month. Prepare a schedule of budgeted cash disbursements for August and September.
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