Please show work Payments made or received during 2012.docx
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rtodd884Suivre
8 Feb 2023•0 j'aime•2 vues
Please show work Payments made or received during 2012.docx
8 Feb 2023•0 j'aime•2 vues
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Please show work Solution Insurance expense = 1300 + 12000 - 1800 = $ 11500 Rent expense = 3200 + 15000 - 2500 = $ 15700 Interest Revenue = 10000-3800+3200 = 9400 Interest expense = 7000 - 2800 + 3300 = 7500 Salary expense= 18000 -11000 + 9000 = 16000 Thanks .
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Please show work Payments made or received during 2012.docx
- 1. Please show work Payments made or received during 2012 Insurance premiums paid 12000 Rental payments made 15000 Interest collected 10000 Interest Paid 7000 Salaries Paid 18000 The following balances are excerpted from the Company's balance sheets 12/31/12 12/31/11 Prepaid Insurance 1800 1300 Prepaid Rent 2500 3200 Interest Receivable 3200 3800 Interest Payable 3300 2800 Salaries Payable 9000 11000 Insurance expense? Rent Expense? Interest Revenue? Interest Expense? Salary Expense? Solution Insurance expense = 1300 + 12000 - 1800 = $ 11500 Rent expense = 3200 + 15000 - 2500 = $ 15700 Interest Revenue = 10000-3800+3200 = 9400 Interest expense = 7000 - 2800 + 3300 = 7500
- 2. Salary expense= 18000 -11000 + 9000 = 16000 Thanks