Schedule of Cash Payments for a Service Company

SafeMark Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:

March $96,600

April 88,900

May 80,900

Depreciation, insurance, and property taxes represent $20,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in June. 70% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.

Prepare a schedule indicating cash payments for selling and administrative expenses for March, April, and May.

Calculator chedule of Cash Payments for a Service Company Sat Mark Financial Inc. was organized on February 28. Projected selling and administrative expenses ach of the first three months of operations are as follows March 96.600 April 8.900 30.000 Depreciation, insurance and property taxes represent $20,000 of the estimated monthly expenses. The ann o nce premium waspad on February property taxes for the years of the Prepare a schedule indicating cash payments for selling and administrative expenses for March, Art, and May. Safark Financial Inc. Schedule of Cash Pa n ts for Selling and Administrative Expenses Fow the Three Month May 21 March expenses Pasdin March Panor Padin May My expenses