None Chapter 22 HomeworkeBookSchedule of cash payments for a service companyEastGate 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 $29,200. Thebudgeted expenses for the next three months are as follows:SalariesUtilitiesOther operating expensesTotalJanuary February March$67,200$81,800 $90,5005,500 6,10051,100 55,700$123,800 $143,600 $159,1007,30061,300Other operating expenses include $3,600 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of theremaining expenses, 75% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1relates to the expenses incurred in December.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 31Line Item DescriptionJanuaryFebruaryMarchPayments of prior month's expense29,200Payments of current month's expense89,550118,750134,250150,825 VTotal cash paymentsFeedbackCheck My WorkCalculate cash payments in January, February, and March.Navb

The schedule of cash payments indicates the amount of cash that will be paid in the future period…

Schedule of cash payments for a service company EastGate Physical Therapy Inc. is planning its cash budgeted expenses for the next three months are Salaries Utilities Other operating expenses Total Janua $67, 5 51, $123 Other operating expenses include $3,600 of mont remaining expenses, 75% are paid in the month relates to the expenses incurred in December. Prepare a schedule of cash payments for operatic EastGate Phy: Schedule of Cash Pa For the Three Mor Line Item Description Payments of prior month's expense Payments of current month's expense Total cash payments Feedback Check My Work Calculate cash payments in January, Febru

Schedule of cash payments for a service company EastGate Physical Therapy Inc. is planning its cash budgeted expenses for the next three months are Salaries Utilities Other operating expenses Total Janua $67, 5 51, $123 Other operating expenses include $3,600 of mont remaining expenses, 75% are paid in the month relates to the expenses incurred in December. Prepare a schedule of cash payments for operatic EastGate Phy: Schedule of Cash Pa For the Three Mor Line Item Description Payments of prior month's expense Payments of current month's expense Total cash payments Feedback Check My Work Calculate cash payments in January, Febru

Managerial Accounting

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 20E

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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 $33,700. The budgeted expenses for the next three months are as follows: Salaries Utilities Other operating expenses Total January February March $77,500 $94,400 $104,500 6,400 7,100 8,400 59,700 $143,600 65,100 $166,600 71,600 $184,500 Other operating expenses include $4,200 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 65% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as positive numbers. EastGate Physical Therapy…
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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 $25,600. The budgeted expenses for the next three months are as follows: January February March Salaries $58,900 $71,700 $79,400 Utilities 4,900 5,400 6,400 Other operating expenses 44,800 48,800 53,800 Total $108,600 $125,900 $139,600 Other operating expenses include $3,200 of monthly depreciation expense and $700 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December.
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 $26,700. The budgeted expenses for the next three months are as follows: January February March Salaries $61,400 $74,800 $82,800 Utilities 5,100 5,600 6,700 Other operating expenses 47,300 51,600 56,800 Total $113,800 $132,000 $146,300 Other operating expenses include $3,400 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. EastGate Physical Therapy Inc. Schedule of Cash Payments for…
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 $33,900. The budgeted expenses for the next three months are as follows: January February March Salaries $78,000 $94,900 $105,100 Utilities 6,400 7,100 8,500 Other operating expenses 59,300 64,600 71,200 Total $143,700 $166,600 $184,800 Other operating expenses include $4,200 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 65% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as…
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 $33,900. The budgeted expenses for the next three months are as follows: January February March Salaries $78,000 $94,900 $105,100 Utilities 6,400 7,100 8,500 Other operating expenses 59,300 64,600 71,200 Total $143,700 $166,600 $184,800 Other operating expenses include $4,200 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 65% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as…
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 depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the 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 January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. EastGate Physical…