After adjusting entries had been made, the balance sheets of Ramiro's Company showed the following asset and
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After adjusting entries had been made, the balance sheets of Ramiro's Company showed the following asset and liability amounts at the end of 2009 and 2010:
The following amounts were taken from the 2010 income statement:
Insurance expense ....$3,800
Wages expense ...... 19,500
Fees earned ........ 8,900
Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during2010.
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