October November DecemberBudgeted S&A Expenses Salary Expense10,000 10,500 11,000Sales Commissions 5% of Sales5,000 5,500 5,300Insurance Expense2,000 2,000 2,000Rent2,400 2,400 2,400Depreciation on equipment1,500 1,500 1,500Utilities1,100 1,300 1,500Total Operating Expenses22,000 23,200 23,700Schedule of Cash Payments for S&A Expenses Salary Expense? 10,500 ?100% of Prior Month Sales Commissions5,100 ? ?Insurance Expense2,000 2,000 2,000Rent? ? 2,400100% of Prior Months Utilities Expense1,200 ? ?Total Payments for S&A Expenses? ? ??The amount of cash paid for S&A expenses during the month of November is:
A. $21,000
B. $21,700
C. $23,200
D. $22,200
Answer: A
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