E9-31. Cash Disbursements Assume that Ringwood Manufacturing manages its cash flow from its home office....
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E9-31. Cash Disbursements Assume that Ringwood Manufacturing manages its cash flow from its home office. R cash disbursements by category and month. In setting its budget for the next six months, beginnin n July, it used the following managerial guidelines: in gwood controls Guidelines Category Purchases. . . . . . . . . .. Pay half in current and half in following month. Payrol..... . . . . . ...Pay 70 percent in current month and 30 percent in following month Loan payments. Pay total amount due each month. Predicted activity for selected months follow: Category June July August 0,000 74,000 79,000 85,000 130,000 140,000 150,000 130,000 40,000 40,000 45,000 45,000 Purchases. Required Prepare a schedule showing cash disbursements by account for July and August
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