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8 points eBook Print References Campbell is a retail company specializing in men's hats. Its budget director prepared the list of expected operating expenses that
8 points eBook Print References Campbell 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) Supplies expense Utilities Depreciation on store equipment Rent Miscellaneous Total S&A expenses before interest August July $17,700 $17,700 2,800 2,800 350 380 2,500 2,700 6,300 740 2,500 2,700 6,300 740 $33,090 $33,120 September $17,700 2,800 410 2,500 2,700 6,300 740 $33,150 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.
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