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Schedule of cash payments for a service company January February EastGate Physical Therapy Inc. is planning its cash payments for operations for the first

Schedule of cash payments for a service company January February EastGate Physical Therapy Inc. is planning 

Schedule of cash payments for a service company January February 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 is $32,800. The budgeted expenses for the next three months are as follows: March $75,400 $91,800 $101,700 6,900 62,500 68,800 8,200 6,200 57,300 $138,900 $161,200 $178,700 Salaries Utilities Other operating expenses Total 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, 80% are paid in the month in which they are incurred, 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 31 Line Item Description Payments of prior month's expense Payments of current month's expense Total cash payments January February March 898

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