# Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning itss cash...

###### Question:

Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning itss cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on January 1 is $30,500. The budgeted expenses for the next three months are as follows: March February January$94,600 Salaries $70,200$85,400 Utilities 5,800 6,400 7,600 Other operating expenses 58,200 53,400 64,100 $129,400$150,000 $166,300 Total Other operating expenses include$3,800 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 65% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 February March January Payments of prior month's expense$ 3,800 30,500 Payments of current month's expense Total

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