Schedule of Cash Payments Select Physical Therapy Inc. is planning its cash payments for operations for the third quarter (July-September), 2017. The Accrued Expenses Payable balance on July 1 is $29,200. The budgeted expenses for the next three months are as follows: July August Salaries Utilities Other operating expenses $67,200 5,500 51,100 $123,800 September $90,500 7,300 61,300 $159,100 $81,800 6,100 55,700 $143,600 Other operating expenses indude $3,600 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on March 1 of the current year. Of the Total remaining expenses, 75% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on July 1 relates to the expenses incurred in June. Prepare a schedule of cash payments for operations for July, August, and September. Select Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending September 30, 2017 August September Payments of prior month's expense Payments of current month's expense Total payment 29,200 89,550104,400V 116,025 V 118,750