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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 $29,900. The budgeted expenses for the next three months are as follows:

	January	February	March
Salaries	$68,800		$83,700		$92,700
Utilities	5,700		6,300		7,500
Other operating expenses	53,000		57,800		63,600
Total	$127,500		$147,800		$163,800

Other operating expenses include $3,800 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 65% 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.

	January	February	March
Depreciation expenseOther operating expensesPayments of prior month's expenseSalariesUtilitiesPayments of prior month's expense	$Payments of prior month's expense	$Payments of prior month's expense	$Payments of prior month's expense
Depreciation expenseOther operating expensesPayments of current month's expenseSalariesUtilitiesPayments of current month's expense	Payments of current month's expense	Payments of current month's expense	Payments of current month's expense
Total cash payments	$fill in the blank 9	$fill in the blank 10	$fill in the blank 11

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