Shakti Power Inc. was organized on February 28. Projected selling and administrative expenses for each of the first thre

[answerhappygod]

Shakti Power Inc. was organized on February 28. Projected
selling and administrative expenses for each of the first three
months of operations are as follows:
March $80,000
April 94,000
May 107,000
Depreciation, insurance, and property taxes represent $6,000 of
the estimated monthly expenses. The annual insurance premium was
paid on February 28, and property taxes for the year will be paid
in November. Sixty percent of the remainder of the expenses are
expected to be paid in the month in which they are incurred, with
the balance to be paid in the following month.
This information has been collected in the Microsoft Excel
Online file. Open the spreadsheet, perform the required analysis,
and input your answers in the question below.
Prepare a schedule indicating cash payments for selling and
administrative expenses for March, April, and May. Enter all
amounts as positive numbers. SHAKTI POWER INC.
Schedule of Cash Payments for Selling and Administrative
Expenses For the Three Months Ending May 31 March April May
March expenses: Paid in March $ fill in the blank 2 Paid in
April $ fill in the blank 3
April expenses: Paid in April fill in the blank 4 Paid in May $
fill in the blank 5
May expenses: Paid in May fill in the blank 6 Total cash
payments $ fill in the blank 7 $ fill in the blank 8 $ fill in the
blank 9