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Prepare a schedule of budgeted cash disbursements

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Reference no: EM131539450

Question: 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.

Reference no: EM131539450

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