Wynn is a retail company specializing in men's hats. Its budget director prepared the list of expected
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Wynn 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 the expenses are incurred except sales commissions and utilities, which are paid in the month after they are incurred. July is the first month of operations, so there are no beginning account balances.
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 September30.
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