Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28, Projected selling and administrative expenses for each of the first three months of operations are as follows: Depreciation, insurance, and property taxes represent $28,000 of the estmated manthly expenses, The annual insurance premlum was paid oncobruary 28, and property taxes for the year will be paid in June. 6996 or the remainder of the expenses are expected to be paid in the month Th which they are incurred, with the balance to be paid in the following month: Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May. Excel Learning Systems Inc. Schedule of Cash Payments for Selling and Administrative Expenses For the Thrae Mnmhe Endina w