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Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and ad

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Horizon Financial Inc.
Schedule of cash payment for Selling and Administrative Expenses
For the Three Months Ending May 31
March April May
March Expense:
   Paid in march $       55,545.00*
   Paid in April $       24,955.00
April Expenses:
   Paid in April $       50,577.00
   Paid in May $      22,723.00
May Expenses:
   Paid in May $      44,643.00
Total Cash Payments $       55,545.00 $       75,532.00 $      67,366.00

*80500 x 69%

.Working

March April May
Total expenses $   1,02,500.00 $       95,300.00 $      86,700.00
Less: Non cash expense $       22,000.00 $       22,000.00 $      22,000.00
Net Cash expense $       80,500.00 $       73,300.00 $      64,700.00
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