eBook Utilities 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 $28,600. The budgeted expenses for the next three months are as follows: January February March Salaries $65,800 $80,100 588,700 5,400 6,000 7,200 Other operating expenses 50,000 54,500 60,000 $121,200 $140,600 $155,900 Other operating expenses include 53,600 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