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QUESTION 1 October November December 10,000 10,500 11,000 5,000 Budgeted S&A Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment
QUESTION 1 October November December 10,000 10,500 11,000 5,000 Budgeted S&A Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment 5,300 5,500 2,000 2,000 2,000 2,400 2,400 2,400 1,500 1,500 1,500 Utilities 1,100 1,400 1,500 22,000 23,300 23,700 Total Operating Expenses Schedule of Cash Payments for S&A Expenses Salary Expense 100% of Prior Month Sales Commissions ? 10,500 ? ? ? Insurance Expense 5,100 2,000 Rent 2,000 ? 2,000 2,400 ? 1,200 ? ? 100% of Prior Months Utilities Expense Total Payments for S&A Expenses ? ? ? What is the total amount of cash paid for S&A expenses in December? What is the total amount of cash paid for S&A expenses in December? O $23,300 O $23,700 O $22,200 O $22,300
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