=+Other operating expenses include $10,500 ofmonthly depreciation expense and $600 of monthly insurance expense that was prepaid
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=+Other operating expenses include $10,500 ofmonthly depreciation expense and $600 of monthly insurance expense that was prepaid for the year on March 1 ofthe current year. Ofthe remaining expenses, 80% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on October 1 relates to the expenses incurred in September.
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