Problem 7-19B Preparing a schedule of cash payments for selling and expenses ses their Over ase, e no she Lavor's Travel Services has prepared its selling and administrative expenses budget for the next quar- elephone expense. These three items are paid in the month following the one in which they are It pays all expenses when they are incurred except sales commissions, advertising expense, and incurred. January is the first month of operations, so there are no beginning account balances. and. me March January Salary expense Sales commissions Advertising expense Telephone expense Depreciation on store equipment Rent Miscellaneous Total S&A expenses before interest $24,000 1,800 1,000 2,000 8,000 20,000 1,600 $58,400 February $24,000 1,200 1,000 2,160 8,000 20,000 1,600 $57,960 $24,000 1,400 1,200 2,200 8,000 20,000 1,600 $58,400 rate. Required sales . All sale - Prepare a schedule of cash payments for selling and administrative expenses. Determine the amount of telephone expense payable as of March 31. Determine the amount of sales commissions payable as of February 28. ute with different assumptions