Exercise 14-11 Preparing a schedule of cash payments for selling and administrative expenses LO 14-4 The budget director for Walton Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations, accordingly, there are no beginning account balances. Required a. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. Complete this question by entering your answers in the tabs below. Reg A Reg B and C Complete this question by entering your answers in the tabs below. Req A Req B and Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. October November December $ Budgeted S&A Expenses Equipment lease expense Salary expense Cleaning supplies 6.100 6,200 Insurance expense 6,100 5,300 2,850 1,100 1,600 1,800 6,100 $ 5,800 2,710 1,100 1,600 1,800 3,010 1,100 1,600 1.800 620 620 620 $ 19,370 $ 19,730 $ 20.430 Depreciation on computer Rent Miscellaneous expenses Total operating expenses Schedule of Cash Payments for S&A Expenses Equipment lease expense Prior month's salary expense, 100% Cleaning supplies Insurance premium Depreciation on computer Rent Miscellaneous expenses Total disbursements for operating expenses $ 17,970 $ 16,530 $ 17,330 Rega Req Band C > 700470232 imhep Flipgrid 379a20 Alumni Transcript R... $23.048 - Google S. G google translate... walindianapolis 52... wallndianapolis 52... st math1-914 Saved Exercise 14-11 Preparing a schedule of cash payments for selling and administrative expenses LO 14-4 The budget director for Walton Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations, accordingly, there are no beginning account balances. Required a. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. Complete this question by entering your answers in the tabs below. Reg A Reg B and c Determine the amour of salaries payable and prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter. b. Salaries payable c. Prepaid insurance