Company has the following projected costs for manufacturing and selling and administrative expenses:

All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year onJanuary 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Prepare a schedule of cash payments for Elwood for January, February,and March.

Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31.

Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2 The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid Property Taxes Accounts Payable, and Utilities Payable as of March 31. (If a box is not used in the table leave the box empty; do not enter a zero.) Data Table JanuaryFebruary March Tota Cash Payments Direct Materials Jan Feb Mar ts Payable balance, January 1 Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 3,000 S 3,700 S 4,000 3,500 4,000 3,700 700 450 100 200 510 140 5,500 material purchases paid in February in March 700 450 100 200 510 140 5,500 700 450 100 200 510 140 5,500 Total payments for direct materials Direct Labor Total payments for direct labor Print Done Enter any number in the edit fields and then click Check