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Question 13 3 pts Balance Sheet Assets Cash Accounts Receivable 12/31/20X1 12/31/20X2 64,000 100,000 25,000 20,000 10,000 14,000 4,000 7,000 125,000 220,000 Inventory Prepaid Rent
Question 13 3 pts Balance Sheet Assets Cash Accounts Receivable 12/31/20X1 12/31/20X2 64,000 100,000 25,000 20,000 10,000 14,000 4,000 7,000 125,000 220,000 Inventory Prepaid Rent Equipment Accumulated Depreciation Book Value of Equipment Total Assets 20,000 35,000 105,000 208,000 185,000 326,000 Liabilities Accounts Payable Notes Payable Interest Payable Total Liabilities 25,000 100,000 5,000 130,000 40,000 90,000 8,000 138,000 Owners Equity Stock Retained Earnings Total Equity Total Liabilities + Equity 75,000 3,000 78,000 208,000 121,000 67,000 188,000 326,000 Income Statement Revenues COGS 150,000 (45.000) (3,000) Rent Expense Book Value of Equipment Total Assets 105,000 208,000 185,000 326,000 Liabilities Accounts Payable Notes Payable Interest Payable Total Liabilities 25,000 100,000 5,000 130,000 40,000 90,000 8,000 138,000 Owners Equity Stock Retained Earnings Total Equity Total Liabilities + Equity 75,000 3,000 78,000 208,000 121,000 67,000 188,000 326,000 Income Statement Revenues COGS Rent Expense Depreciation Expense Interest Expense Insurance Expense 150,000 (45,000) (3,000) (15,000) (5,000) REH LAP (467) What is Cash Paid for Insurance? Please enter a positive number in your answer, even though I'm asking for cash paid
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