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help ASAP!! please Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for

help ASAP!! please image text in transcribed
Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows: March $143,100 April 134,500 May 122,400 Depreciation, Insurance, and property taxes represent $31,000 of the estimated monthly expenses. The annual Insurance premium was paid on February 28, and property taxes for the year will be paid in June. 74% of the remainder of the expenses are expected to be paid in the month in which they are incurred, wth the balance to be paid in the following month. Prepare a schedule of cash payments for selling and administrative expenses for March, Apell, and May, Excel Learning Systems Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May March expenses Pald in March 105,194 X Pald in April 37,20 X April expenses Paid in April Dald in May May expenses Paid in May Total cash payments 105,94 X 136,736 x 133.446 X 34.470 X 90,576 X

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