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Belfry Inc. operates a small restaurant. They have completed the following portions of their budget for administrative expenses. January February...
Belfry Inc. operates a small restaurant. They have completed the following portions of their budget for administrative
expenses.
January February March
Utilities expense....................... $1,200 $1,000 $800
Rent expense ........................... $18,000 $18,000 $18,000
Depreciation expense.............. $2,000 $2,000 $2,000
Advertising expense................. $3,200 $4,100 $4,800
Belfry generally pays all of the bills for administrative costs in the month following when the expense is incurred.
However, advertising is paid in the month before the expense in recorded.
What is budgeted cash outflows for administrative costs for February?
