Question

Rehab Physical Therapy Inc. is planning its cash payments for operations for the second quarter (March–May), 2013. The Accrued Expenses Payable balance on March 1 is $36,000. The budgeted expenses for the next three months are as follows:


Other operating expenses include $7,500 of monthly depreciation expense and $1,000 of monthly insurance expense that was prepaid for the year on January 1 of the current year. Of the remaining expenses, 80% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on March 1 relates to the expenses incurred in February.
Prepare a schedule of cash payments for operations for March, April, andMay.


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  • CreatedFebruary 04, 2014
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