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Please Show your work! Accounts analysis exercise 11/30/2013 12/31/2013 Accounts Receivables $10,000 $ 3,000 Prepaid Insurance 5,000 7,500 Inventory 7,000 6,000 12,000 15,000 Accounts Payable
Please Show your work!
Accounts analysis exercise 11/30/2013 12/31/2013 Accounts Receivables $10,000 $ 3,000 Prepaid Insurance 5,000 7,500 Inventory 7,000 6,000 12,000 15,000 Accounts Payable Wages Payable Cash Collected from Customers 5,000 3,000 $80,000 Cash paid for Insurance 5,000 60,000 Cash paid to suppliers for inventory 10,000 Cash paid to employees Required : Find a) Sales Revenue, b) COGS, c) Insurance Expense, and d) Wage ExpenseStep by Step Solution
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