Posted: July 14th, 2016

Schedule of Expected Cash Disbursements-Selling and Administrative Expenses?

d Complete the following schedule:

Schedule of Expected Cash Disbursements-Selling and Administrative Expenses
January February March Quarter
Salaries and wages $27,000
Advertising $70,000
Shipping $20,000
Other expenses $12,000
Total disbursements $129,000

e Complete the following cash budget:

Cash Budget
January February March Quarter
Cash balance, beginning $48,000
Add cash collections $304,000
Total cash available $352,000
Less cash disbursements
For inventory $228,000
For selling and admin expenses $129,000
For purchase of equipment ——
For cash dividends $45,000
Total cash disbursements $402,000
Excess (deficiency) of cash ($50,000)
Financing needed
Cash balance, ending