Chapter 14 Application-Extra Credit 6 Saved Help Save & Exit Submit Check my work 12.5 points 02:30:56 The budget director for Vernon Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations; accordingly, there are no beginning account balances Required a. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts b. Determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter Complete this question by entering your answers in the tabs below. Complete the schedule of cash payments for S&A expenses by filing in the missing amounts Budgeted S&A Expenses Salary expe Clearing ste Depreciation on computer Rent Macataneous October November December $ 1.700 $ 5.700 1 5.700 100 800 20 274 1,030 1.100 1.100 1100 2.500 2.500 2500 1400 1.800 1,800 020 620 $ 20710 21,000 $ 21,700