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Cash Paid for Operating Expenses The following information was obtained from Knox Company's income statement for 20-2, balance sheets as of December 31, 20-2 and
Cash Paid for Operating Expenses
The following information was obtained from Knox Company's income statement for 20-2, balance sheets as of December 31, 20-2 and 20-1, and auxiliary records:
Operating expenses for 20-2 $351,630 Depreciation expense for 20-222,590(Included in operating expenses.)
20-220-1 Supplies and prepayments$9,870 $7,090 Accrued and withheld payroll taxes 3,2404,170
Compute the amount of cash paid for operating expenses in 20-2.
$
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