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The budget director for Stuart CleanIng Services prepared the following IIst of expected selling and admInIstratlve expenses. All expenses requiring cash payments are pald for
The budget director for Stuart CleanIng Services prepared the following IIst of expected selling and admInIstratlve expenses. All expenses requiring cash payments are pald for in the month Incurred except salary expense and Insurance. Salary Is pald in the month following the month in which it is incurred. The insurance premlum for six months is pald 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 salarles payable the company will report on Its pro forma balance sheet at the end of the fourth quarter. c. Determine the amount of prepald 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. Complete the schedule of cash payments for S\&A expenses by filling in the missing amounts. Complete this question by entering your answers in the tabs below. 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
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