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Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash pay Expenses Payable balance on January 1 is $34,100.
Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash pay Expenses Payable balance on January 1 is $34,100. The budgeted expenses for the next three months are as follows ments for operations for the first quarter (January-March). The Accrued anuaryFebruary $95,500 7,200 65,800 $168,500 March Salaries Utilities Other operating expenses $78,400 6,500 60,400 $145,300 $105,700 8,500 72,500 Total $186,700 Other operating expenses include $4,300 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 80% 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. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 January February March $11,020 x -so]x {12,100 x -167,960 x Payments of prior month's expense S-34,100 Payments of current month's expenser 128.980 x 163,080 X $162,120X 180,060 | X Total cash payments
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