Answer Happy

Assets Liabilities & Owners' Equity Liabilities Owners' Equity Cash Accounts Receivable Inventory Buildings & equipment (net) ROTIC GUmpany Balance Sheet March 31, 2020 Accounts Payable Capital Stock Retained earnings Total Assets Total liab. & Owners' equity IMPORTANT instructions! When entering your answers, make sure you format them in WITHOUT the $. For example: • Positive Numbers: 123,000 NOT $123,000. • Negative Numbers: (123,000) NOT ($123,000) If you do not format the answers correctly, they will be counted wrong.. $15,750 $84,000 $22,050 $374,675 $496,475 $32,025 $332,500 $131,950 $496,475

Clue #6- Cash Disbursements for Selling and Administrative Expenses Monthly selling and administrative expenses are budgeted as follows: • salaries and wages, $13,125 per month; .shipping, 6% of sales; advertising, $10,500 per month; . • other expenses, 4% of sales; . Depreciation, including depreciation on new assets acquired during the quarter, will be $10,500 for the quarter. . What are total expected cash disbursements for selling and administrative expenses for June? Hide hint for Question 8 Hint #1: Differentiate between CASH and NONCASH expenses. Hint #2: Refer to sales numbers from Clue #1 for calculating some of the expenses. Hint #3: Check figure: Cash disbursements for selling and administrative expenses for April = $35,875.