Acct301 week2

Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion. 5 The budget director for Finch 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 first month of 5 operations, accordingly. there are no beginning account balances. points Required a. Complete the schedule of cash payments for S&A expenses by filling In the missing amounts. 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. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg A 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. b. Salaries payable Is 9.000 x Prepaid insurance OX