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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
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 first month of operations, so there are no beginning account balances. July Salary expense $17,200 August September $17,200 $17,200 Sales commissions (4 percent of sales) 2,900 2,900 2,900 ok Supplies expense 330 360 390 Utilities 2,500 2,500 2,500 Depreciation on store equipment 2,100 2,100 t 2,100 Rent 6,700 6,700 6,700 Miscellaneous inces 600 600 600 Total S&A expenses before interest $32,330 $32,360 $32,390 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. 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. 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 S&A Expenses July August September Total payments for S&A expenses CA Req B and C > 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. 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
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