Question

15. Caleb Company began operations on January 1 and has projected the following selling and administrative expenses: E (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. (Complete all answer boxes. Enter a "0" for zero amounts.) January February March Rent Expense Utilities Expense Depreciation Expense Insurance Expense Data Table Total cash payments for selling and administrative expenses Rent Expense $1,300 per month, paid as incurred Utilities Expense 100 per month, paid in month after incurred Depreciation Expense 800 per month 250 per month, 9 months prepaid on January 1 Insurance Expense Print Done Enter any number in the edit fields and the continue to the next que tion

Answer 1

Cash Payament made for selling and admin expenses
	January	February	March
Rent Expenses	$           1,300
Utilities Expense	$                  -	$        100	$                     100
Depreciation (non cash expenses)	$                  -	$           -	$                        -
Insurance Expenses (9*$250)	$           2,250
Total	$           3,550	$        100	$                     100