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EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter...

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Accounting

image EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on January 1 is 26,300. The budgeted expenses for the next three months are as follows: ther operating expenses include $3,300 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on May 1 of the previous rear. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable alance on January 1 relates to the expenses incurred in December

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