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following: Dec 31, 2021 Salaries Payable Prepaid Rent Interest Payable Prepaid Insurance Uncarned revenue $2.800 2,000 1,500 Jan 1.2021 1200 Accounts receivable 1.800 1,600 21,000
following: Dec 31, 2021 Salaries Payable Prepaid Rent Interest Payable Prepaid Insurance Uncarned revenue $2.800 2,000 1,500 Jan 1.2021 1200 Accounts receivable 1.800 1,600 21,000 1.100 2.100 Cash collected during 2021 for revenue, 110,000. Cash paid during the 2021 for expenses, $70,000. Depreciation expense 20,000 Copy the statements below and answer in the same format A.) Determine the amount of expense that should be reported on the income statement B.) Determine the amount of revenue that should be reported on the income statement iv.) The records for Company A showed the following: Dec 31, 2021 Salaries Payable $2,800 Prepaid Rent 2,000 Interest Payable 1,500 Prepaid Insurance Unearned revenue Accounts receivable Jan 1, 2021 52,900 2.500 1,800 1,200 1,600 21,000 2,160 19,600 Cash collected during 2021 for revenue, 110,000. Cash paid during the 2021 for expenses, $70,000. Depreciation expense for 2001 is 20,000. S point) Copy the statements below and answer in the same format. A.) Determine the amount of expense that should be reported on the income statement. B.) Determine the amount of revenue that should be reported on the income statement
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