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Given the following expense/revenue and payments/receipts ...determine the requested balances. Insurance expense 21,000 Rent Expense 16,000 Interest Revenue 13,000 Interest Expense 9,000 Salary Expense 18,000
Given the following expense/revenue and payments/receipts ...determine the requested balances.
Insurance expense 21,000
Rent Expense 16,000
Interest Revenue 13,000
Interest Expense 9,000
Salary Expense 18,000
The following balances are excerpted from the Company's balance sheet
12/31/2019 12/31/2018
Prepaid Insurance 1,800 ?
Prepaid Rent 2,500 ?
Interest Receivable ? 3,800
Interest Payable ? 2,800
Salaries Payable 9,000 ?
Insurance premium paid. 22,00
Rental payments. 17,000
Interest Received 14,000
Interest Paid 8,500
Salaries Paid 19,000
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