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Claymore corporation maintains its book on a cash basic. during 2022 the company collected $950,000 in fees from its clients and paid $652,000 in expenses.

Claymore corporation maintains its book on a cash basic. during 2022 the company collected $950,000 in fees from its clients and paid $652,000 in expenses. you are able to determine the following information about accounts receivable, supplies prepaid rent, salaries payable, and interest payable image text in transcribed
Question Completion Scal Moving to another question will save this response. Question 6 Claymore Corporation maintains les book on a cash basis. During 2021, the company collected $950,000 in fees from its clients and paid $662, about accounts receivable, supplies, prepaid rent, salaries payable, and interest payable: December 31, 2021 December 31, 2020 $110,000 $120,000 Accounts receivable Supplies 18,000 15,000 Prepaid rent 11,000 13,000 Deferred revenue 20,000 18,000 Interest receivable 25,000 22,000 Prepaid insurance 15,000 17,000 22.000 Dermed rent revenue Salamies payable meres payable 26,000 16,000 18,000 6,000 5,000 In addition, 2021 depreciation expense on office equipment is $20,000 Copy the statement below and answer in the same format. Required: Determine accrual-basis 1.) revenue TTT Ariel and 2.) expense 631201 Question Completion Scal Moving to another question will save this response. Question 6 Claymore Corporation maintains les book on a cash basis. During 2021, the company collected $950,000 in fees from its clients and paid $662, about accounts receivable, supplies, prepaid rent, salaries payable, and interest payable: December 31, 2021 December 31, 2020 $110,000 $120,000 Accounts receivable Supplies 18,000 15,000 Prepaid rent 11,000 13,000 Deferred revenue 20,000 18,000 Interest receivable 25,000 22,000 Prepaid insurance 15,000 17,000 22.000 Dermed rent revenue Salamies payable meres payable 26,000 16,000 18,000 6,000 5,000 In addition, 2021 depreciation expense on office equipment is $20,000 Copy the statement below and answer in the same format. Required: Determine accrual-basis 1.) revenue TTT Ariel and 2.) expense 631201

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