Schedule of Cash Payments

Select Physical Therapy Inc. is planning its cash payments for operations for the third quarter (July-September). The Accrued Expenses Payable balance on July 1 is $33,400. The budgeted expenses for the next three months are as follows:

	July		August		September
Salaries	$76,800		$93,500		$103,500
Utilities	6,300		7,000		8,400
Other operating expenses	58,400		63,700		70,100
Total	$141,500		$164,200		$182,000

Other operating expenses include $4,200 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, 80% 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.

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Prepare a schedule of cash payments for operations for July, August, and September. Enter all amounts as positive numbers.

Select Physical Therapy Inc.
Schedule of Cash Payments for Operations
For the Three Months Ending September 30
		July		August		September
Payments of prior month's expense		$		$		$
Payment of current month's expense
Total payment		$		$		$