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5 Jordan is a retail company specializing in men's hats: Its budget director prepared the list of expected operating expenses that follows. All items
5 Jordan 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... Salary expense Sales commissions (4 percent of sales) July $17,500 August $ 17,500 September $17,500 Supplies expense 3,300 300 3,300 3,300 330 360 eBook Utilities Rent 2,100 2,100 2,100 Depreciation on store equipment 3,600 3,600 3,600 6,700 6,700 6,700 Miscellaneous 670 670 670 Total S&A expenses before interest $ 34,170 $ 34,200 $ 34,230 Print Required References 417 Cloudy Mc Graw Hill 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 Req B and C Prepare a schedule of cash payments for selling and administrative expenses. Schedule of Cash Payments for Selling and Admin Expenses July August September Total payments for S&A expenses Q Search 0 < Prev 5 of 5 Next > ook Salary expense Sales commissions (4 percent of sales) Supplies expense Utilities Depreciation on store equipment Rent Miscellaneous July $ 17,500 3,300 August $ 17,500 3,300 September $ 17,500 3,300 300 330 360 2,100 2,100 2,100 3,600 3,600 3,600 6,700 6,700 6,700 670 670 670 Total S&A expenses before interest $ 34,170 $ 34,200 $ 34,230 Print D erences 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. eBook Print Complete this question by entering your answers in the tabs below. Req A Req B and C References Prepare a schedule of cash payments for selling and administrative expenses. Schedule of Cash Payments for Selling and Admin Expenses July August September + Assessme Total payments for S&A expenses PRA Req B and C > Complete this question by entering your answers in the tabs below. Req A Req B and C. Determine the amount of utilities payable and sales commissions payable as of September 30. b. Utilities payable c Sales commissions payable < Req A Red Band D
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