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Carolina Corporation reported the following account balances at the beginning and end of 2010: 1/1/10 12/31/10 Accounts Receivable $15,500 $ 19,200 Office Supplies 3,800 2,600
Carolina Corporation reported the following account balances at the beginning and end of 2010:
| 1/1/10 | 12/31/10 |
Accounts Receivable | $15,500 | $ 19,200 |
Office Supplies | 3,800 | 2,600 |
Inventory | 85,700 | 72,300 |
Accounts Payable | 32,300 | 36,100 |
Salaries Payable | 26,200 | 23,400 |
Sales |
| 865,000 |
Cost of Goods Sold |
| 549,500 |
Supplies Expense |
| 4,900 |
Salaries Expense |
| 237,800 |
|
|
|
Determine the amount of cash paid for (a) supplies, (b) salaries, and (c) inventory during 2010.
(a) $4,900; (b) $240,600; (c) $532,300 |
(a) $3,700; (b) $237,800; (c) $532,300 |
(a) $3,700; (b) $240,600; (c) $549,500 |
(a) $3,700; (b) $240,600; (c) $532,300 |
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