7 7.69 points Exercise 7-11A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4 The budget director for Perez Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the rst Hi month of operations; accordingly, there are no beginning account balances. References Required . Complete the schedule of cash payments for S&A expenses by lling in the missing amounts. a b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. Check my work Complete this questlon by entering your answers In the tabs below. Req A Complete the schedule of cash payments for S&A expenses by lling in the missing amounts. Budgeted 8&A Expenses _-_ Equipment lease expense $ 6,300 $ 6,300 $ 6,300 Cleaning supplies Insurance expense mmm Depreciation on computer mm\" Schedule of Cash Payments for SM Expenses Cleaning supplies Miscellaneous expenses Total disbursements for operating expenses 55 18,800 $ 18,430 $ 19,260 Rquandc > Req B and C Determine the amount of salaries payable and prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. __ __ ( Req A