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Schedule of Cash Payments Shakti Power Inc. was organized on February 28. Projected selling and...

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Accounting

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Schedule of Cash Payments Shakti Power Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows: March $79,000 April 89,000 May 101,000 Depreciation, insurance, and property taxes represent $6,000 of the estimated monthly expenses. The annual Insurance premium was paid on February 28, and property taxes for the year will be paid in November, Sixty percent of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month, This information has been collected in the Microsoft Excel Online file. Open the spreadsheet perform the required analysis, and input your answers in the question below For the Three Months Ending May 31 March April May March expenses: Paid in March Paid in April April expenses: Paid in April Pald in May May expenses: Pald in May Total cash Dayments

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