Schedule of Cash Payments tor a Service Company Oakwood Financial Ine was organixed on February 28. Projected selling and administrative expenses for each of the first three monthis of operations are as follows: Depreciation, incurance, and property taxes represent $24,000 of the estimated monthly expenses, The annual insurance premlum was paid on February 28 , and propert toxes for the year, will be geid in June, 68% 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, Aprit, and May, Schedule af Cash Pavments for a Service Company Oakwood Financial the was organized on Fobruary 28. Projected seting and administrative expenses for each of the first three months of operations are as follows: Depreciation, insurance, and property taxes represent $24,000 of the estimated monthiy expenses. The annual insurance premium was paid on February 28 , and progert taxes for the year will be paid in June. 68% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be poi in the following month