Reference no: EM13567254

Select Physical Therapy Inc. is planning its cash payments for operations for the third quarter, 2013. The Accrued Expenses Payable balance on July 1 is $25,000. The budgeted expenses for the next three months are as follows: July August September Salaries $57,500 $70,000 $77,500 Utilities 4,800 5,300 6,300 Other operating expenses 43,700 47,600 52,400 Total $106,000 $122,900 $136,200 Other operating expenses include $3,200 of monthly depreciation expense and $700 of monthly insurance expense that was prepaid for the year on March 1 of the current year. Of the remaining expenses, 75% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on July 1 relates to the expenses incurred in June. Prepare a schedule of cash payments for operations for July, August, and September. July Aug Sept Payments of prior month's expense Payment of current month's expense Total payment?