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 $32,500. The budgeted expenses for the next three months are as follows: July Salaries $74,800 August $91,000 6,800 Utilities September $100,800 8,100 68,200 $177,100 6,200 56,800 $137,800 Other operating expenses 61,900 $159,700 Total Other operating expenses include $4,100 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on March 1 of the current 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 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 $ 32,000 Payments of current month's expense July Total payment Previous Next > Check My Work 1 more Check My Work uses remaining