Jake company reports the following for july august, Ask an Expert

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Jake Company reports the following: For July August September. Sales July: $ 26,000 August: $ 34,000 September: $ 38,000. Purchases July: 15,080 August:19,720 September:26,000. Payments for purchases are made in the month after purchase. Selling expenses are 18% of sales, administrative expenses are 11% of sales, and both are paid in the month of sale. Rent expense of $2,800 is paid monthly. Depreciation expense is $1,200 per month. Prepare a schedule of budgeted cash disbursements for August and September.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988248

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