The management of the Jimenez Company estimates the following selling and administrative expenses projected for the quarter. The sales commission is 2% of the projected sales of the month, these are paid in the month of sale; The expense of supplies is 1% of sales and will be paid in the same month of sale and the estimated utilities expense of $ 1,500 per month will be paid in the following month. The monthly rent of the premises is $ 1,000 which will be paid on the 1st of each month; The monthly depreciation of the equipment is $ 500

Required:

a. Prepare the Selling & Administrative Expenses Budget for each month of the quarter

b. Prepare the Cash Payments for Selling and Administrative Expenses Schedule for each month of the quarter

Selling & Administrative Expenses Budget October November December Sales Commissions Supplies Utilities Income Expense Depreciation Expense Total