Question: Rehab Physical Therapy Inc is planning its cash payments for

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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