During 19x7, Kozlo and Company had operating expenses of $197,400, including depreciation of $46,200. Also during 19x7,
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During 19x7, Kozlo and Company had operating expenses of
$197,400, including depreciation of $46,200. Also during 19x7, the beginning balance of Supplies was $5,040, and the ending balance of Supplies was $5,880.
The beginning balance of Wages Payable was $2,520, and the ending balance of Wages Payable was $2,100. Assume that operating expenses consisted only of Depreciation Expense, Supplies Expense, and Wages Expense. Determine the total cash payments for operating expenses during the year 19x7.
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Related Book For
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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