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Problem 7-19A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4 Stuart is a retail company specializing in men's hats.
Problem 7-19A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4 Stuart 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. Salary expense Sales commissions (4 percent of sales) Supplies expense Utilities Depreciation on store equipment Rent Miscellaneous Total s&A expenses before interest July $18,300 2,500 299 2,000 3,800 6,200 690 $33,780 August September $18,300 $18,300 2,500 2,500 320 350 2,000 2,000 3,800 3,800 6, 200 6,200 690 690 $33,810 $33,840 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. Complete this question by entering your answers in the tabs below. Req A Reg 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 A Req B and C >
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