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Please help fill the table Prepare a schedule of cash payments for Marcel for January, February, and March. Determine the balances in Prepaid Property Taxes,
Please help fill the table
Prepare a schedule of cash payments for Marcel for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (Assume the company started operations in January. tf an input field is not used in the table leave the input field empty; January February March TOtalIl Cash Payments Direct Materials: Accounts Payable balance, January JanuaryDirect material purchases paid in February FebruaryDirect material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Data table Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries January February March 3,000 $ 2,700 800 440 350 250 550 120 3,700 $ 3,900 800 440 350 250 550 120 5,000 5,000 4,400 4,400 800 440 350 250 550 120 5,000 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2 The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. print s example Get more help Done
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