(Answered) Question budgeting cash disbursements a city is preparing

Accounting

Question: (Budgeting cash disbursements) A city is preparing its cash forecast for the month of July. Based on the following information, compute the estimated cash disbursements for July

Items vouchered in July $650,000

Estimated payments in July for items vouchered in July 50%

Items vouchered in June $400,000

Estimated payments in July for all items vouchered in June 70%

Estimated payments in July for items vouchered prior to June $50,000

Items vouchered in June but returned in July before payment was made $20,000

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