Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the budget director for yardley cleaning services

The budget director for Yardley Cleaning Services prepared the following list of expected selling and...

80.2K

Verified Solution

Question

Accounting

The budget director for Yardley Cleaning Services prepared the following list of expected selling and administrative expenses. All expenses requiring cash payments are paid for in the month incurred except salary expense and insurance. Salary is paid in the month following the month in which it is incurred. The insurance premium for six months is paid on October 1. October is the first month of operations; accordingly, there are no beginning account balances.
Required
a. Complete the schedule of cash payments for S&A expenses by filling in the missing amounts.
\table[[,October,November,December],[Budgeted S&A Expenses,,,,,,],[Equipment lease expense,$,6,900,$,6,900,$,6,900],[Salary expense,,5,300,,5,800,,6,200],[Cleaning supplies,,2,880,,2,720,,3,060],[Insurance expense,,1,300,,1,300,,1,300],[Depreciation on computer,,2,100,,2,100,,2,100],[Rent,,2,000,,2,000,,2,000],[Miscellaneous expenses,,750,,750,,750],[Total operating expenses,,21,230,$,21,570,$,22,310],[Schedule of Cash Payments for S&A Expenses],[Equipment lease expense],[Prior month's salary expense, 100%
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

A class survey in a large class for first-year college students asked, \"About how many hours...

Chemistry
1.2K views

Part A: What mass of water is produced from the complete combustion of 5.90×10−3 g of...

Advance Math
1.2K views

Find the unique solution u of the parabolic boundary value problem Ut ?Uxx =e^(?t)*sin(3x), 00, U(0,t) =...

Basic Math
1.2K views

In a recent survey of college-educated adults, 102 indicated that they regularly work more than...

Calculus
1.2K views

Find the solution of the following pure convection problem PDE IC U 2 8 0...

Algebra
1.2K views

Let U a b c d e f 7 8 9 10 11 12 List...

Algebra
1.2K views

A hairstylist charges 15 for an adult haircut and 9 for a child haircut She...

Accounting
1.2K views

(b) MerryHeart Ltd commenced construction of a machine for greeting cards on 1 September 2018....

Accounting
1.2K views

On Thursday, Justin flies from Baltimore (where the office for his sole proprietorship is located)...

Accounting
1.2K views

The following transactions occurred in April at Steves Cabinets, a custom cabinet firm. ...

Accounting
1.2K views

Colleges and universities use break-even too! Although most colleges and universities are nonprofit, they must...

Finance
1.2K views

Each of the following are the responsibilities of an insured in the event of a...