Schedule of Cash Payments Select Physical Therapy Inc. is planning its cash paym

Question

Schedule of Cash Payments Select Physical Therapy Inc. is planning its cash payments for operations for the third quarter (July-September), 2013. The Accrued Expenses Payable balance on July 1 is $31,500. The budgeted expenses for the next three months are as follows: July August September Salaries $72,500 $88,200 $97,700 Utilities 6,000 6,600 7,900 Other operating expenses 55,800 60,800 67,000 Total $134,300 $155,600 $172,600 Other operating expenses include $4,000 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on March 1 of the current 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 July 1 relates to the expenses incurred in June. Hide

Explanation / Answer

Schedule cash receipts are actually quite tricky questions...could you please repost the question with structured data and tablular format.....so that i can solve your problem...im great in these type of problems.... Thank you......!!!!

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