Schedule of Cash Payments: 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 $28,000. The budgeted expenses for the next three months are as follows:
Other operating expenses include $3,500 of monthly depreciation expense and $800 of monthly insurance expense that was prepaid for the year on March 1 of the current year. Of the remaining expenses, 70% 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.