The Schedule for Cash Payments
Excel Learning Systems Inc., was established on September 30, 2016.
For each one of the first, projected selling and administrative expenditures
Three months of operation are:
37,000 dollars of depreciation and insurance are related to property taxes.
These are the monthly costs. The annual insurance premium.
Property taxes and income tax for the current year will also be collected on September 30.
The company expects to close June. It expects 74% to remain in the remaining portion of the
All expenses are paid within the same month they were incurred.
The balance must be paid the next month.
Prepare a schedule that identifies cash payments to be made for the sale and
Administrative expenses October, November and December
|Excel Learning Systems Inc.|
|Schedule of Cash Payments For Selling
|These are the three months ending December 31, 2016.|
|In November, the payment was made||$|
|In November, the payment was made|
|In December, the payment was made||$|
|In December, the payment was made|
|Total cash payments||$||$||$|
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