Please do not give solution in image format thanku Scheduleof 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$31,500. The budgeted expenses for the next three months are as follows:SalariesUtilitiesOther operating expensesTotalTotal cash payments$MarchJanuaryOther operating expenses include $4,000 of monthly depreciation expense and $900 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 onJanuary 1 relates to the expenses incurred in December.$$72,5006,00055,100$133,600Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as positive numbers.EastGate Physical Therapy Inc.Schedule of Cash Payments for OperationsFor the Three Months Ending March 31January February$February$88,2006,60060,100$154,900March$97,7007,90066,100$171,700

The budget is prepared to estimate the requirements for the period. The cash payment schedule is…

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 $31,500. The budgeted expenses for the next three months are as follows: January $72,500 6,000 55,100 $133,600 Salaries Utilities Other operating expenses Total February $88,200 6,600 60,100 $154,900 March $97,700 7,900 66,100 $171,700 Other operating expenses include $4,000 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous yea 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. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31

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 $31,500. The budgeted expenses for the next three months are as follows: January $72,500 6,000 55,100 $133,600 Salaries Utilities Other operating expenses Total February $88,200 6,600 60,100 $154,900 March $97,700 7,900 66,100 $171,700 Other operating expenses include $4,000 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous yea 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. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31

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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