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Schedule of Cash Payments for a Service Company
EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January–March). The Accrued Expenses Payable balance on January 1 is $34,800. The budgeted expenses for the next three months are as follows:
January | February | March | ||||
Salaries | $80,000 | $97,400 | $107,900 | |||
Utilities | 6,600 | 7,300 | 8,700 | |||
Other operating expenses | 60,800 | 66,300 | 73,000 | |||
Total | $147,400 | $171,000 | $189,600 |
Other operating expenses include $4,400 of monthly
Prepare a schedule of cash payments for operations for January, February, and March.
EastGate Physical Therapy Inc.Schedule of Cash Payments for OperationsFor the Three Months Ending March 30
January | February | March | |
Payments of prior month's expense | $fill in the blank | $fill in the blank | $fill in the blank |
Payments of current month's expense | fill in the blank | fill in the blank | fill in the blank |
Total payments | $fill in the blank | $fill in the blank | $fill in the blank |
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