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3 Malcolm is a retail company specializing in men's hats. Its budget director prepared the list of expected operating expenses that follows. All items are
3 Malcolm is a retail company specializing in men's hats. Its budget director prepared the list of expected operating expenses that follows. All items are paid when incurred except sales commissions and utilities, which are paid in the month following their Incurrence. July is the first month of operations, so there are no beginning account balances. 20 points July August September $12,eee $12,888 $12,000 1,eee 1, eee 1,600 180 195 210 550 550 1,500 1,500 1,500 3,3ee 3,300 3,300 345 345 345 $18,875 $18,898 $18,9es 550 Salary expense Sales commissions (4 percent of sales) Supplies expense Utilities Depreciation on store equipment Rent Miscellaneous Total S&A expenses before interest eBook Print c References Required a. Prepare a schedule of cash payments for selling and administrative expenses. b. Determine the amount of utilities payable as of September 30. c. Determine the amount of sales commissions payable as of September 30. Complete this question by entering your answers in the tabs below. Req A Rey Band Prepare a schedule of cash payments for selling and administrative expenses. Schedule of Cash Payments for S&A Expenses July August September Total payments for S&A expenses Complete this question by entering your answers in the tabs below. ReqA Reg B and C Determine the amount of utilities payable and sales commissions payable as of September 30. b. Utilities payable c. Sales commissions payable
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