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Can someone help on this? 4. EX.07-20.ALGO (Algorithmic) Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash payments
Can someone help on this? 4. EX.07-20.ALGO (Algorithmic) Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January- March). The Accrued Expenses Payable balance on January 1 is $33,000. The budgeted expenses for the next three months are as follows: January February March $75,900 $92,400 $102,300 Salaries Utilities Other operating expenses 6,300 6,900 8,300 57,700 62,900 69,200 $139,900 $162,200 $179,800 Total Other operating expenses include $4,200 of monthly depreciation expense and $900 of monthly insurance xpense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 70% are paid the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses 0/14/2
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