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please help B LO 14.4 Malcolm is a retail company specializing in men's hats. Its budget director prepared the list of expected operating expenses that
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B LO 14.4 Malcolm is a retail company specializing in men's hats. Its budget director prepared the list of expected operating expenses that follows. All items are paid when incurred except sales commissions and utilities, which are paid in the month following their incurrence July is the first month of operations, so there are no beginning account balances July $12, cee 1,000 180 55e Salary expense Sales commissions (4 percent of sales) Supplies expense Utilities Depreciation on store equipment Miscellaneous Total S&A expenses before interest August September $12,000 $12,000 1.000 1,000 195 210 550 55e 1,500 1, see 3,300 3,30 345 $18,890 $18,905 Rent 1.5e 3,300 345 518,875 345 Required a. Prepare a schedule of cash payments for selling and administrative expenses b. Determine the amount of utilities payable as of September 30. c. Determine the amount of sales commissions payable as of September 30 Req A Req B and C Prepare a schedule of cash payments for selling and administrative expenses. Schedule of Cash Payments for S&A Expenses July August September Total payments for S&A expenses Reg Req B and C > Req A Req B and C Determine the amount of utilities payable and sales commissions payable as of September 30. b. Utilities payable c. Sales commissions payable Step by Step Solution
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