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 Guidelines
Purchases Pay half in current and half in following month.
Payroll 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 May June July August
Purchases $30,000 $40,000 $48,000 $50,000
Payroll 100,000 120,000 130,000 100,000
Loan Payments 10,000 10,000 11,000 11,000
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 August
Accounts payable
Payroll
Loan payments
Total

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