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Schedule of cash payments for a service company EastGate Physical Therapy Inc. is planning its...

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Accounting

Schedule of cash payments for a service company
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 $29,300. The budgeted
expenses for the next three months are as follows:
Other operating expenses include $3,700 of monthly depreciation expense and $800 of monthly
insurance expense that was prepaid for the year on May 1 of the previous year. of the remaining
expenses, 80% are paid in the month in which they are incurred, with the remainder paid in the
following month. The Accrued Expenses Payable balance on January 1 relates to the expenses
incurred in December.
Prepare a schedule of cash payments for operations for January, February, and March.
EastGate Physical Therapy Inc.
Schedule of Cash Payments for Operations
For the Three Months Ending March 31
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