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Accounting

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Data table 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. Grahom Company has the following projected costs for manutscturing and seling and odministrative expenses: (Clid the icen to view the projected conts) Prepare a schedule of cash payments for Graham for January, February, and March Detormine the barancos in Prepald Propeny Taxes, Acoounts Payable, and Ueities Payable as of March 31. (Assume the compary starled operations in January. If an ingut field is not usod in ghe table lnave the input feld emply, do not entec a zera) Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Total cash payments Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilties Payable Office salaries. Property taxes on office Property taxes on plant Utilities for office Utilities for plant

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