Select Physical Therapy Inc. is planning its cash payments for operations for the third quarter (July September), 2013. The Accrued Expenses Payable balance on July 1 is $28,300. The budgeted expenses for the next three months are as follows:
| July | August | September | ||||
| Salaries | $65,100 | $79,200 | $87,700 | |||
| Utilities | 5,400 | 5,900 | 7,100 | |||
| Other operating expenses | 50,800 | 55,400 | 61,000 | |||
| Total | $121,300 | $140,500 | $155,800 | |||
Other operating expenses include $3,600 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, 80% 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.
