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Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc, is planning its cash payments for operations for the first quarter (January-March), The
Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc, is planning its cash payments for operations for the first quarter (January-March), The Acerued Expenses Payable balance on Jamary 1 is $34,400. The budgeted expenses for the next three months are as follows: Other operating expenses include $4,300 of menthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous yeac. Of the remaining expenses, 80% are paid in the month in which they are incurred, with the remainder paid in the following month. The Acerued Expense Payable balance on January 1 relates to the expenses incurred in December
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