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a - 5 1 ... 6 ... .. 6. (5 points) Zena Company's financial records showed the following selected items for 2015: Advertising receipts $300,000
a - 5 1 ... 6 ... .. 6. (5 points) Zena Company's financial records showed the following selected items for 2015: Advertising receipts $300,000 Land rental revenues $950,000 Interest paid on borrowings $ 31,000 Wage expense $400,000 Zena follows the accrual basis of accounting. The following balances were taken from Zena's balance sheets: 12-31-15 12-31-14 Advertising receivables 28,000 31,000 Prepaid advertising costs 40,000 32,000 Wages payable 30,000 45,000 Interest payable 62,000 50,000 Unearned land rental revenue 45,000 22,000 What were advertising-related revenues for 2015? b. What was interest expense for 2015? c. How much cash was paid out for wages and salaries during 2015? d. How much cash was collected for land rentals during 2015 a
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