Predicted activity for selected months follow: Prepare a schedule showing cash disbursements by account for July and August

Cash Disbursements Assume that Waycross Manufacturing manages its cash flow from its home office. Waycross controls cash disbursements by category and month. In setting its budget for the next six months, beginning in July, it used the following managerial guidelines: Category Purchases Payroll Guidelines Pay half in current and half in following month. Pay 80 percent in current month and 20 percent in following month. Loan Payments Pay total amount due each month. Predicted activity for selected months follow: Category Purchases Payroll $30,000 1 00, ooo Loan Payments 10,000 June $42,000 110,000 10,000 July $52,000 130,000 14,000 August $52,000 1 oo,ooo 1 4, 000 Prepare a schedule showing cash disbursements by account for July and August. Waycross Manufacturing Schedule of Cash Disbursements For the Months of July and August July Accounts payable $ Payroll Loan payments Total August