Schedule of Cash PaymentsTadpole Learning Systems Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:March$184,900April172,000May156,500Depreciation, insurance, and property taxes represent $39,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and propertytaves for the year will be paid in November. 71% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to bepaid in the following month.Prepare a schedule indicating cash payments for selling and administrative expenses for March, Apri, and May. Enter all amounts as positive numbers.TADPOLE LEARNING SYSTEMS INC.Schedule of Cash Payments for Selling and Administrative ExpensesFor the Three Months Ending May 31MarchAprMayMarch expensesPaid in MarchPaid in AprilApri expensesPaidin AprilPad in MayMay expensesPrepare a schedule indicating cash payments for selling and administrTADPOLE LEARNING SYSTEMS INC.Schedule of Cash Payments for Selling and Administrative ExpensesFor the Three Months Ending May 31MarchAprilMayMarch expenses:Paid in MarchPaid in AprilApril expenses:Paid in AprilPaid in MayMay expenses:Paid in MayTotal cash payments240024%24%24

Financial Management: Financial management comprises of two words i.e. Finance and management.…

Schedule of Cash Paymenta Tadpole Learning Systems Inc. was organized on February 28. Projected selling and administrative expenses for each of the fret three months of operations are a follows March Apri 172,000 May 156,500 Depreciation, insurance, and property taxes represent S29,000 of the estimated monthly expenses. The annual nsurance premum was paid on February 28, and property taves for the year will be paid in November. 71% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be padin the following month Prepare a schedule indcating cash payments for seling and administrative experses for March, Aprt, and May. Enter all amounts as postive numbers. TADPOLE LEARNING SYSTEMS INC. Schedule of Cash Payments for Selling and Administrative Eupenses For the Three Months Ending May 31 March Apri May March expense Pd March Ped in Apri Apriexpes P Apr Pd May Prepare a schedule indicating cash payments for selling and administ TADPOLE LEARNING SYSTEMS INC. Schedule of Cash Payments for Selling and Administrative Expenses For the Three Months Ending May 31 March April May March expenses: Paid in March Paid in April April expenses: Paid in April Paid in May May expenses: Paid in May Total cash payments 00

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 19E: Schedule of cash payments for service company Horizon Financial Inc. was organized on February 28....