Question

Fein Company provided the following information relating to cash payments:

Answer 1

Answer:

Fein Company

Schedule of Cash Payments

For the Month of August 202x

Salaries expenses:

From July salaries                  $3,230

From August salaries            $31,860

Total salaries                        $35,090

Direct materials:

From July purchases             $61,600

From August purchases        $14,600

Total direct materials            $76,200

Overhead expenses:            $64,850

Debt payments:

Principal                                 $15,000

Accrued interests                      $450

Total debt payment              $15,450

Total cash payments           $191,590