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The budget director for Baird Cleaning Services prepared the following list of expected selling and administrative expenses Al expenses requiring cash payments are paid for
The budget director for Baird Cleaning Services prepared the following list of expected selling and administrative expenses Al expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations, accordingly. there are no beginning account balances. Required o. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter Complete this question by entering your answers in the tabs below Req A Rea B and C Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. Budgeted S&A Expenses Equipment lease expense S6.700S6,7007 6,400 3,060 1400 2.200 2,400 630 s 21,660 S 22040522.790 5,500 8302 ,400 2.2002 ,400 6000 2,710 1400 2,200 2400 630 expense Cleaning supplies Insurance expense Depreciation on computer Miscellaneous expenses otal operating expenses Schedule of Cash Payments for SBA Expenses Equipment lease expense Pnor months salary expense100% 630 : surance premium Depreciation on computer S 20,960 S 17,940 S 18 40518,790 Req B andc >
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