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. Reg A Reg Band Complete the schedule of cash payments for S8A expenses by filling in the missing amounts. October November December Budgeted S&A Expenses Equipment lease exponse $ 6,600 $ 5,800 $ 6,600 Salary expense 6,100 6.000 7.000 Cleaning supplies 2,840 2,700 3,000 Insurance expense 1,700 1,700 1.700 Depreciation on computer 1,900 1.000 1,000 Rent 2,000 2.000 2,000 Miscellaneous expenses 620 620 Total Operating expenses $ 21,700 $ 22,120$ 22.800 Schedule of Cash Payments for S&A Expenses Equipment lease expense Prior month's salary expense, 100% Cleaning supplies Insurance premium Depreciation on computer Rent 620 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. Reg A Reg tend 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. Salarios payable Prepaid insurance
