Homework Answers
| a) Schedule of cash payments for selling and administrative expenses | |||
| July | August | September | |
| Cash payments for - | |||
| Salary expense | $17,000 | $17,000 | $17,000 |
| Sales commission | $3,400 | $3,400 | |
| Supplies expense | $360 | $390 | $420 |
| Utilities | $1,900 | $1,900 | |
| Rent | $6,400 | $6,400 | $6,400 |
| Miscellaneous | $630 | $630 | $630 |
| Total Cash Payments for Selling and Administration Expenses | $24,390 | $29,720 | $29,750 |
| b) Amount of utilities payable as of September 30 is $1,900. | |||
| c) Amount of sales commissions payable as of September 30 is $3,400. | |||
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Problem 7-19A (Algo) Preparing a schedule of cash payments for selling and administrative expenses LO 7-4...
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and administrative expenses LO 14-4
The budget director for Benson Cleaning Services prepared the
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expenses requiring cash payments are paid for in the month incurred
except salary expense and insurance. Salary is paid in the month
following the month in which it is incurred. The insurance premium
for six months is paid on October 1. October is the first month of...
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