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Financial Statement Articulation: [5582] Ryan Company has prepared these interrelated pieces of information for your use as appropriate in meeting the requirements of this
Financial Statement Articulation: [5582] Ryan Company has prepared these interrelated pieces of information for your use as appropriate in meeting the requirements of this worksheet. Additionally, Ryan rents out some excess office space to suitable tenants. Situation 1: Rent Revenue for Year 3 was $18. Unearned Rent Revenues were $10 at the end Year 2 and were $8 at the end of Year 3. Cash collected from tenants in Year 3 was $15, down from $17 in the earlier year. Did Rent Receivable increase or decrease during Year 3 and by how much? increase decrease [circle one] Situation 2: Salaries Expense in Year 3 was $7. Salaries Payable decreased from $11 at the end of Year 2 to $7 at the end of Year 3. Prepaid Salaries decreased from $3 to $1 during Year 3. How much Cash was paid in Year 3 for Salaries? $ Situation 3: Cash paid to suppliers in Year 2 was $14. Accounts Payable decreased from $10 at the end of Year 1 to $6 at the end of Year 2. There were no prepayments to any supplier. Supplies Inventory increased from $7 at the end of Year 1 to $12 at the end of Year 2. How much Supplies Expense was recognized in the income statement in Year 2? Situation 4: Interest paid to lenders in Year 1 had been $6. In Year 2 these payments increased to $8. Prepaid Interest at the end of Year 1 had been $5. At the end of Year 2, Prepaid Interest had decreased by $2 to $3. In Year 2, Interest Payable increased by $3. How much Interest Expense was recognized in Year 2? $
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