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How can I find the other expense payment? Please explain with opening t account for the related account % S10A-5 (similar to) Autos of Airdrie
How can I find the other expense payment? Please explain with opening t account for the related account
% S10A-5 (similar to) Autos of Airdrie Inc. reported the following financial statements for 2017: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) 0 Comparative balance sheet Compute the following: a. Payments to employees b. Payments of other expenses * Income statement a. Compute the payments to employees. The payments to employees are $ 76 thousand. Autos of Airdrie Inc. Income Statement For the Year Ended December 31, 2017 b. Compute the payments of other expenses. in thousands) 2017 The payments of other expenses are S 184 thousand. 2016 Sales revenue Cost of goods sold S Autos of Airdrie Inc. Comparative Balance Sheet As at December 31, 2017, and 2016 (in thousands) Assets 2017 2016 Liabilities Current: Current Cash S 24 S 15 Accounts payable Accounts receivable 68 44 Salary payable Inventories 8086 Accrued liabilities Prepaid expenses 4 3 Long-term notes payable Long-term investments 61 80 Shareholders' Equity Property, plant, and equipment 224 184 Share capital Retained earnings $ 451 S 411 Total Total 38 27 Salary expense 56 $ 31 12 69 Depreciation expense Other expenses Total expenses 48 235 33 243 Net income S451 $ 411 Print Done Print Done Question is complete. Tap on the red indicators to see incorrect answersStep by Step Solution
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