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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 Accrued Expenses Payable balance on January 1 $32,700. The budgeted expenses for the next three months are as follows: Other operating expenses include $4,100 of monthly depreciation expense and $900 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 Acerved Expenses Payable balance on January 1 relates to the expenses iycurred in December. Prepare a schedule of cash payments for operations for January, February, and March
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