16A. Connor Company began operations on January 1 and has projected the followin

Question

16A. Connor Company began operations on January 1 and has projected the following selling and administrative expenses. (Click on the icon to view the selling and administrative expenses.) Determine the cash payments for selling and administrative expenses for the first three months of operations. (For expenses with a zero value, enter "o.) JanuaryFebruary March Rent Expense Utilities Expense Depreciation Expense Insurance Expense Total cash payments for selling and administrative expenses Data Table $1,000 per month, paid as incurred $500 per month, paid in month after incurred Rent Expense Utilities Expense Depreciation Expense $300 per month Insurance Expense $100 per month, 6 months prepaid on January 1 Print Done

Explanation / Answer

1) CASH PAYMENT January February March Rent Expenses $             1,000 $              1,000 $                1,000 Utilities Expenses $                  500 $                    500 Depreciation Expense 0 0 0 Insurance Expense $                 600 $                     -   $                       -   The Cash Payment for Selling an administration Expenses $             1,600 $              1,500 $                1,500 Note: Depreciation expenses is the non cash expenses so there is no cash outflow in this expenses

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