Connect Ch 20 Connect Assignment 6 Help Save 9 Hector Company reports the follow

Question

Connect Ch 20 Connect Assignment 6 Help Save 9 Hector Company reports the following uly Aagust September Sales Purchases 20.00 $28,000 32,000 20,000 points 12,000 16,800 Payments fr purchases are made in the month after purchase sales, and both are paid in the month of sale. Rent expense of $2,200 is paid monthly. Depreciation expense is $1,000 per month. B eling expenses are 20% of sales, administrative expenses are 12%? eBook Prepare a schedule of budgeted cash payments for August and September Print References Budgeted Cash Payments For August and September Payments for K Prev 9 of 13Next>

Explanation / Answer

August September Payments for Merchandise purchases 12000 16800 Selling expenses 5600 6400 Administrative expenses 3360 3840 Rent expense 2200 2200 Total cash disbursements 23160 29240

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