Question: please answer me with the details Exercise 7.11A Preparing a schedule of cash payments for selling and administrative expenses The budget director for Kanosh Cleaning
Exercise 7.11A Preparing a schedule of cash payments for selling and administrative expenses The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurno except salary expense and insurance. Salary is paid in the month following the month in which itis 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 shed at the end of the fourth quarter. c. Determine the amount of prepaid insurance the company will report on its pro forma baland: sheet at the end of the fourth quarter
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