The budget director of Heathers Florist has prepared the following sales budget The company had $370,000 in accounts receivable on July 1 Heathers Florist normally collects 100 percent of accounts receivable in the month following the month of sale Required Complete the schedule of cash payments for S A expenses by filling in the missing amounts Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter 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 $5,200 $5,200 $5,200 Salary expense 6,900 7,400 7,800 Cleaning supplies 2,820 2,790 3,050 Insurance expense 1,800 1,800 1,800 Depreciation on computer 1,800 1,800 1,800 Rent 1,900 1,900 1,900 Miscellaneous expenses 760 760 760 Total operating expenses $21,180 $21,650 $22,310 Schedule of Cash Payments for S A Expenses Equipment lease expense Prior months salary expense, 100 Cleaning supplies Insurance premium Depreciation on computer Rent Miscellaneous expenses Total disbursements for operating expenses $21,480 $17,550 $18,310 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

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The budget director of Heathers Florist has prepared the following sales budget. The company had $370,000 in accounts receivable on July 1. Heathers Florist normally

The budget director of Heathers Florist has prepared the following sales budget. The company had $370,000 in accounts receivable on July 1. Heathers Florist normally collects 100 percent of accounts receivable in the month following the month of sale.

Required

Complete the schedule of cash payments for S&A expenses by filling in the missing amounts.
Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter.
Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.

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	$5,200	$5,200	$5,200
Salary expense	6,900	7,400	7,800
Cleaning supplies	2,820	2,790	3,050
Insurance expense	1,800	1,800	1,800
Depreciation on computer	1,800	1,800	1,800
Rent	1,900	1,900	1,900
Miscellaneous expenses	760	760	760
Total operating expenses	$21,180	$21,650	$22,310
Schedule of Cash Payments for S&A Expenses
Equipment lease expense
Prior months salary expense, 100%
Cleaning supplies
Insurance premium
Depreciation on computer
Rent
Miscellaneous expenses
Total disbursements for operating expenses	$21,480	$17,550	$18,310

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.