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Oakwood Financial Inc. was organized on February 28. Projected selling and administra Depreciation, insurance, and property taxes represent $25,000 of the estimated monthl with the

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Oakwood Financial Inc. was organized on February 28. Projected selling and administra Depreciation, insurance, and property taxes represent $25,000 of the estimated monthl with the balance to be paid in the following month. Prepare a schedule indicating cash payments for selling and administrative expenses for

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