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Schedule of operating expenses Admin salaries Sales commissions Office utilities Depreciation on office equipment Insurance of office equipment (to be offset from Prepaid insurance account)
Schedule of operating expenses Admin salaries Sales commissions Office utilities Depreciation on office equipment Insurance of office equipment (to be offset from Prepaid insurance account) Office rent October $40,000 15,000 4,000 November $40,000 20,000 4,000 7,000 500 December $40,000 25,000 4,000 7,000 500 7,000 500 25,000 25,000 25,000 Sales commissions are paid in cash one month after the expense is incurred. All other expenses that require cash payment are paid during the month in which the expense are incurred. The total expected selling and admin expenses for November, 2018 would be: O A. $91,500 O B. $96,500 O C.$89,000 O D. $84,000 Based on the assumptions provided in the information, the total cash payment for operating expenses during November would be: O A. $91,500 O B. $96,500 O C. $89,000 O D. $84,000
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