Preparing a schedule of cash payments for

Preparing a schedule of cash payments for selling and administrative expenses Prestia is a retail company specializing in men's hats. Its budget director prepared the list of expected operating expenses that follows. All items are paid when incurred except sales commissions and utilities, which are paid in the month following their incurrence. July is the first month of operations, so there are no beginning account balances.


August September July Salary expense Sales commissions (4 percent of sales) Supplies expense Utilities Depreciation on s


Required
a. Prepare a schedule of cash payments for selling and administrative expenses.
b. Determine the amount of utilities payable as of September 30.
c. Determine the amount of sales commissions payable as of September 30.

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