eBook Calculator Print Item 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 $26,100. The budgeted expenses for the next three months are as follows: January February March Salaries $60,000 $73,100 $80,900 Utilities 5,000 5,500 6,500 Other operating expenses 45,600 49,700 54,700 Total $110,600 $128,300 $142,100 Other operating expenses include $3,300 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 65% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 January February March Total cash payments Previous Next Check My Work 3 more Check My Work uses remaining. All work saved. Save and Exit Submit Assignment for Grading