Company has the following projected costs for manufacturing and selling and administrative expenses:

All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year onJanuary 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Prepare a schedule of cash payments for Elwood for January, February,and March.

Determine the balances in Prepaid Property Taxes, AccountsPayable, and Utilities Payable as of March 3

Avery Company has the following projected costs for manufacturing and selling and administrative expenses: B. (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Avery for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (Assume the company started operations in January. If an input field is not used in the table leave the input field empty, do not enter a zero) January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Question 5, EM5- 27 (similar to) 25.31%, 1.77 of 7 ework: Module 6: ewo X Data table any 2 ICON January February March hedu es, A $ 3,700 $ 4,500 $ 4,800 Direct materials purchases 2,700 3,700 Direct labor costs 4,400 550 550 550 Depreciation on plant 560 560 560 Utilities for plant 100 100 100 Property taxes on plant 350 350 350 ents Depreciation on office 240 240 240 Utilities for office rials: 190 190 190 Property taxes on office ayable 5,000 5,000 Office salaries 5,000 irect Direct ents All costs are paid in month incurred except direct materials, which are paid in the month following the purchase, utilities, which are paid in the month after incurred, and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. or: ents Print Done ore help Clear all