The budget director for Perez Cleaning Services prepared the following list of expected selling and administrative expenses. All 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 a. 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 Reg B and C cash Complete the schedule of payments for S&A expenses by filling in the missing amounts. nt October November December Budgeted S&A Expenses ences Equipment lease expenser 5,000 $ 5,000 S 5,000 Salary expense 5,700 5,200 6,100 Cleaning supplies Insurance expense 2,840 2,780 3,090 1,700 1,700 1,700 Depreciation on computer Rent 1,900 1,900 1,900 1,800 1,800 1,800 Miscellaneous expenses 680 680 680 Total operating expenses S 19,560 $ 19,120 20,270 Schedule of Cash Payments for S&A Expenses Equipment lease expenser 5,000 S S 5,000 S 5,000 Complete this question by entering your answers in the tabs below. Req B and c Req A Complete the schedule of cash payments for S&A expenses by filling in the missing amounts. October November December Budgeted S&A Expenses Equipment lease expense 5,000 5,000 5,000 Salary expense 5,200 5,700 6,100 Cleaning supplies 2,840 2,780 3,090 Insurance expense 1,700 1,700 1,700 Depreciation on computer 1,900 1,900 1,900 Rent 1,800 1,800 1,800 Miscellaneous expenses 680 680 680 $ 20,270 19,120 19,560 Total operating expenses Schedule of Cash Payments for S&A Expenses 5,000 5,000 ces 5,0p S S Equipment lease expense Prior month's salary expense, 100 % 2,780 3,090 Cleaning supplies 2,840 Insurance premium Depreciation on computer Rent Miscellaneous expenses 1,800 1,800 1,800 680 680 680 S 15,460 S Total disbursements for operating expenses $ 20,520 16,270 Reg B and C The budget director for Perez Cleaning Services prepared the following list of expected selling and administrative expenses. All 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 a. 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 B and C Req A Determine the amount of salaries payable and prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter b. Salaries payable c. Prepaid insurance Reg and C Reg A
