Complete Exercise 9-26 and fill in the blanks:

Remember to enter numeric amounts without a $ or , (a comma). If the answer is $20,000.00, then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452, round down to 1.45

Payments on accounts payable for July are $ _______

Payments on accounts payable for August are $ ________.

Direct labour payments from July are $ ________

Direct labour payments from August are $ __________

Overhead payment is $ _____________

Loan repyament is $ ___________

Total cash payments for August are $ _______

OBJECTIVE 3 Exercise 9-26 Cash Payments Schedule Fein Company provided the following information relating to cash payments. Fein purchased direct materials on account in the following amounts: June July August $68,000 77,000 73,000 a. Fein pays 20 percent of accounts payable in the month of purchase and the remaining 80 percent in the following month. b. In July, direct labour cost was $32,300. August direct labour cost was $35,400. The company finds that typically 90 percent of direct labour cost is paid in cash during the month, with the remainder paid in the following month. C. August overhead amounted to $71,200, including $6,350 of depreciation. d. Fein had taken out a loan of $15,000 on May 1. Interest, due with payment of principal, accrued at the rate of 9 percent per year. The loan and all interest was repaid on August 31. (Note: Use whole months to compute interest payment.) Required: Prepare a schedule of cash payments for Fein Company for August