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4 16.66 points eBook Ask References Check my work Benson is a retail company specializing in men's hats. Its budget director prepared the list of
4 16.66 points eBook Ask References Check my work Benson 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 rst month of operations, so there are no beginning account balances. July August September Salary expense $18,100 $18,100 $18,100 Sales commissions (4 percent of sales) 3,000 3,000 3,000 Supplies expense 300 330 360 Utilities 1,900 1,900 1,900 Depreciation on store equipment 2,400 2,400 2,400 Rent 5,900 5,900 5,900 Miscellaneous 740 740 740 Total S&A expenses before interest $32,340 $32,370 $32,400 Required 3. 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 B and C Prepare a schedule of cash payments for selling and administrative expenses
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