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Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If an input field is not used in the table leave the input field empty; do not enter a zero.) January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor Enter any number in the edit fields and then click Check Answer. Elwood Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Elwood March 31. (If an input field is not used in the table Data Table - X ccounts Payable, and Utilities Payable as of January February March $ 3,900 $ 3,900 $ 4,300 3,500 4,400 500 500 500 Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in Febr February-Direct material purchases paid in Mar 3,700 450 450 450 Direct materials purchases Direct labor costs Depreciation on plant Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 140 140 140 500 500 500 Total payments for direct materials 350 350 350 130 130 130 Direct Labor: : Total payments for direct labor 3,500 3,500 3,500 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1. Print Done Enter any number in the edit fields and then click Check

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