Required: Prepare a cash disbursements budget for Robyn\'s Rocket Shop for the m

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 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:

Explanation / Answer

Statement showing Cash disbursements Particulars Amount Labour Expenses          10,000.00 Advertising Expenses Rent on Store             5,000.00 Inventory purchases Selling Expenses             3,375.00 Total Cash Disbursements          18,375.00

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