(Answered) Question - hector company reports the followingjuly august

Accounting

Question - Hector Company reports the following:

July August September

Sales $ 26,000 $ 34,000 $ 38,000

Purchases 14,820 19,380 26,000

Payments for purchases are made in the month after purchase. Selling expenses are 17% of sales, administrative expenses are 12% of sales, and both are paid in the month of sale. Rent expense of $2,700 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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