After adjusting entries had been made, Infosys Companys balance sheets showed the following asset and liability amounts
Question:
The following amounts were taken from the 2014 income statement:
Insurance expense ....... $1,900
Wages expense ....... 9,750
Fees earned ......... 4,450
Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during2014.
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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