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Budgeted S&A Expenses ...

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Accounting

Budgeted S&A Expenses
Salary Expense 20,000 20,500 21,000
Sales Commissions 5% of Sales 10,000 10,500 10,300
Insurance Expense 7,000 7,000 7,000
Rent 8,400 8,400 8,400
Depreciation on equipment 9,000 9,000 9,000
Utilities 1,600 1,800 2,000
Total Operating Expenses 56,000 57,200 57,700
Schedule of Cash Payments for S&A Expenses
Salary Expense ? 20,500 ?
100% of Prior Month Sales Commissions 10,100 ? ?
Insurance Expense 7,000 7,000 7,000
Rent ? ? 8,400
100% of Prior Months Utilities Expense 1,700 ? ?
Total Payments for S&A Expenses ? ? ?

What is the amount of sales commissions payable that the company will report on its pro forma balance sheet at the end of the fourth quarter?

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