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Schedule of Cash Payments EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (JanuaryMarch). The Accrued Expenses Payable balance

Schedule of Cash Payments

EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (JanuaryMarch). The Accrued Expenses Payable balance on January 1 is $26,600. The budgeted expenses for the next three months are as follows:

January February March
Salaries $61,200 $74,500 $82,500
Utilities 5,100 5,600 6,700
Other operating expenses 47,100 51,300 56,500
Total $113,400 $131,400 $145,700

Other operating expenses include $3,400 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December.

Prepare a schedule of cash payments for operations for January, February, and March.

EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 30
January February March
Payments of prior month's expense $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
Payments of current month's expense fill in the blank 4 fill in the blank 5 fill in the blank 6
Total payments $fill in the blank 7 $fill in the blank 8 $fill in the blank 9

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