Respuesta :
The question is incomplete. The full question is :
EasyGate Physical Therapy Inc. is planning its cash payments for operations for the first time quarter (January - March), 2015. The Accrued Expenses Payable balance on January 1 is $ 15,000. The budgeted expenses for the next three months are as follows :
January February March
Salaries $ 56,9000 $ 68,100 $ 72,200
Utilities 2,400 2,600 2,500
Other operating expenses 32,300 41,500 44,700
Total $ 91,600 $ 112,200 $ 119,400
Other operating expenses include $ 3000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining paid in the following month. The Accrued Expenses Payable balance on January relates to the expenses incurred in December.
Solution :
SCHEDULED OF CASH PAYMENTS
Particulars January February March
Accrued expenses payable $ 15,000
Payment of current month expenses $ 61, 670 $ 76, 090 $ 81,130
Payment of prior month's expenses $ 26, 430 $ 32, 610
Total payment $ 76, 670 $ 102,520 $ 113,740
Working :
January February March
Other operating expenses $ 32,300 $ 41,500 $ 44,700
Less: devaluation expenses $3,000 $3,000 $3,000
Prepaid expenses $500 $500 $500
Other operating expenses $ 28, 800 $ 38,000 $ 41, 200
Additional Salaries expenses $ 56, 900 $ 68,100 $ 72, 200
Additional Utilities expenses $ 2,400 $ 2600 $ 2500
Total budgeted expenses $ 88,100 $ 108,700 $ 115, 900
Payment in current month at 70% $ 61, 670 $ 76,090 $ 81, 130
Payment in prior month at 30% $ 26, 430 $ 32,610 $ 34, 770
