Prepare a schedule that discloses the firms total cash disbursements for

# Prepare a schedule that discloses the firms total

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Prepare a schedule that discloses the firm’s total cash disbursements for January through March. January February March Payment of accounts payable \$82,000 Payment of January purchases 301,000 129,000 Payment of February purchases 322,000 138,000 Payment of March purchases 406,000 Cash operating costs 109,000 88,000 151,000 Total cash disbursements \$492,000 \$539,000 \$695,000 2. Schedule of cash disbursements: Payment of January purchases (\$430,000): 70% in January; 30% in February = \$301,000; \$129,000
Payment of February purchases (\$460,000): 70% in February; 30% in March = \$322,000; \$138,000 Payment of March purchases (\$580,000): 70% in March; 30% in April = \$406,000 Prepare a schedule that summarizes the firm’s financing cash flows for January through March. January February March Beginning cash balance \$90,000 \$90,000 \$106,345 Total receipts 415,000 633,500 705,000 Subtotal \$505,000 \$723,500 \$811,345 Less: Total disbursements 492,000 539,000 695,000 Cash excess (deficiency) before financing \$13,000 \$184,500 \$116,345 Financing: Borrowing to maintain \$90,000 balance 77,000 Loan principal repaid (77,000) Loan interest paid (1,155) Ending cash balance \$90,000 \$106,345 \$116,345 3. Loan interest paid in February: \$77,000 × 9% × 2/12 = \$1,155

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