October November December Budgeted S&A; Expenses Salary Expense Sales Commission

Question

October November December Budgeted S&A; Expenses Salary Expense Sales Commissions 5% of Sales Insurance Expense Rent Depreciation on equipment Utilities Total Operating Expenses 10,000 10,500 11,000 5,500 2,000 2,400 1,500 1,300 22,000 23,200 23,700 5,000 2,000 2,400 1,500 5,300 2,000 2,400 1,500 1,500 Schedule of Cash Payments for S&A; Expenses Salary Expense 100% of Prior Month Sales Commissions 5,100 Insurance Expense Rent 100% of Prior Months Utilities Expense 1,200 Total Payments for S&A; Expenses ?10,500 2,000 2,400 2,000 2,000 The amount of cash pald for S&A; expenses during the month of November IS Multiple Choice $21,700 $21.000 $22 200 $23,200

Explanation / Answer

Amount of cash paid for S& A expenses = 10500+5000+2000+2400+1100= $21000 Option 2 is correct

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