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Required information e. Budgeted selling and administrative expenses per month follow 1 of 2 Salary expense (fixed) Sales commissions Supplies expense utilities (fixed) Depreciation on store fixtures (fixed)* Rent (fixed) Miscellaneous (fixed) $18,800 5% of Sales 2% of Sales s1,400 s 4,8e0 $ 4,880 $ 1,200 rint rences The capital expenditures budget indicates that Adams will spend $164,000 an October 1 for store expected to have a $20,000 salvage value and a three-year (36-monthj useful life f. Utilities and sales commissions are paid the month after they are incurred, al other expenses are s budget for selling and administrative expenses last day of the month Rep ast day of the month. it h. To be prudent, the company desires to ma Use this information to prepare a selling and administrative expenses budget which they are incurred. Prepare a cash payment percent per month in cash on the last day of the month To be prudent, the company desires to g. Adams borrows funds, in increments of $1,000, and repays them on the Required information e. Budgeted selling and administrative expenses per month follow 1 of 2 Salary expense (fixed) Sales commissions Supplies expense utilities (fixed) Depreciation on store fixtures (fixed)* Rent (fixed) Miscellaneous (fixed) $18,800 5% of Sales 2% of Sales s1,400 s 4,8e0 $ 4,880 $ 1,200 rint rences The capital expenditures budget indicates that Adams will spend $164,000 an October 1 for store expected to have a $20,000 salvage value and a three-year (36-monthj useful life f. Utilities and sales commissions are paid the month after they are incurred, al other expenses are s budget for selling and administrative expenses last day of the month Rep ast day of the month. it h. To be prudent, the company desires to ma Use this information to prepare a selling and administrative expenses budget which they are incurred. Prepare a cash payment percent per month in cash on the last day of the month To be prudent, the company desires to g. Adams borrows funds, in increments of $1,000, and repays them on the

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