The following expenses budget has been prepared for Abacus Services for the year ending 30 June 2020.

Professional salaries, secretarial wages and training are paid in the quarter in which they are incurred. Office supplies, electricity and travel are paid in the quarter after they are incurred and in the June 2019 quarter were $5000, $1500 and $42 000 respectively. Rent is paid in the quarter before it is incurred and for the September 2020 quarter is budgeted at $26 000. Insurance is paid annually at the beginning of January and is expected to remain at the same level for the next year.
Required

Prepare a schedule of estimated cash payments for expenses for Abacus Services for the year ending 30 June 2020.

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ABACUS SERVICES Expenses Budget for the year ending 30 June 2020 Quarter Sept. Dec. Mar. Professional salaries Secretarial wages Training Office supplies 60 000 30 000 5000 8000 $ 80,000 $ 80.000 30 000 30 000 6000 3000 8000 8000 8000 Electricity 1200 Insurance 4 000 1 800 4.000 1600 1400 4000 4000 June $100 000 30 000 5000 Annual total 120 000 19 000 32 000 6000 16000 $320000 Rent 24 000 24 000 Travel TOTAL EXPENSES 42 000 $174200 28 000 26 000 56000 26000 100 000 46 000 172 000 $181 800 $208 600 $220 400 $785000