[solved]-A City Is Preparing Its Cash Forecast For The Month

A city is preparing its cash forecast for the month of July. Based on the following information, compute the estimated cash disbursements for July. 

Items vouchered in July…………………………………………………                               $ 650,000 

Estimated payments in July for items vouchered in July………………..                   50% 

Items vouchered in June…………………………………………………                              $ 400,000 

Estimated payments in July for all items vouchered in June…………….                  70% 

Estimated payments in July for items vouchered prior to June……………         $ 50,000 

Items vouchered in June but returned in July before payment was made..     $20,000.

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