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Problem 7-19A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4 Zachary is a retail company specializing in men's
Problem 7-19A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4 Zachary 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 September $ 18,200 July $ 18,200 2,000 350 August $ 18,200 2,000 380 2,000 410 2,900 2,900 2,900 3,100 3,100 3,100 6,300 6,300 6,300 590 590 590 Total S&A expenses before interest $ 33,440 $ 33,470 $ 33,500 Depreciation on store equipment Rent Miscellaneous 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 Req B and C Prepare a schedule of cash payments for selling and administrative expenses. Schedule of Cash Payments for Selling and Admin Expenses July August September Total payments for S&A expenses $ 0 $ 0 $ 0 A Req B and C > 6 Problem 7-19A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4 Zachary 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. September $ 18,200 July Salary expense Sales commissions (4 percent of sales) Supplies expense Utilities Depreciation on store equipment Rent Miscellaneous $ 18,200 2,000 350 August $ 18,200 2,000 2,000 380 410 2,900 2,900 2,900 3,100 3,100 3,100 6,300 6,300 6,300 590 590 590 Total S&A expenses before interest $ 33,440 $33,470 $ 33,500 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 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 T
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