Cash Disbursements Budget Required: Prepare a cash disbursements budget for Roby

ID: 2380909 • Letter: C

Question

Required:

Prepare a cash disbursements budget for Robyn's Rocket Shop for the month of June. Enter all amounts as positive numbers.

Robyn's Rocket Shop
Cash Disbursements Budget
For the Month of June Labor expenses $ Rent on store Selling expenses Total cash disbursements $

Robyn's Rocket Shop sells various types of fireworks and firecrackers. The data that follow were taken from Robyn's detailed budgeted income statement for the month of June. Although the labor costs and rent will be paid during June, the advertising expense and inventory purchases will be paid for in July. Half of the selling expense is paid in June; the other half is not due until July. Here are the figures: Prepare a cash disbursements budget for Robyn's Rocket Shop for the month of June. Enter all amounts as positive numbers.

Explanation / Answer

Robyn's Rocket Shop
Cash Disbursements Budget
For the Month of June

Particulars

Amount

Labor expenses

$10,000

Rent on store

$5,000

Selling expenses

$3,375

Total cash disbursements

$18,375