The budget director for rundle 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 complete the schedule of cash payments for s& a expenses by filling in the missing amounts. determine the amount of salaries payable the company will report on its pro forma balance sheet at the end of the fourth quarter. determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.
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The budget director for rundle cleaning services prepared the following list of expected selling and...
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