QUESTION $3.$

The following balances for Calcano Inc were taken from its accounting information system.

SHOW YOUR LABELED WORK.

As of December $31$ Prior Year Current Year

Supplies $$3,400$ $$4,800$

Accounts receivable $12,0009,800$

Salaries payable $3,0001,400$

Prepaid rent expense $04,400$

a$.$ If supplies expense in the income statement is $$18,000,$ what was the cost of supplies

purchased during the current year?

b$.$ If there were no write$-$offs of accounts receivable during the year, how much cash was

collected during the current year if sales revenue reported in the income statement is QUESTION $3.$

The following balances for Calcano Inc were taken from its accounting information system.

SHOW YOUR LABELED WORK.

a$.$ If supplies expense in the income statement is $$18,000,$ what was the cost of supplies

purchased during the current year?

b$.$ If there were no write$-$offs of accounts receivable during the year, how much cash was

collected during the current year if sales revenue reported in the income statement is

$$537,800?$

c$.$ If salaries paid during the current year totaled $$200,000,$ what was the salaries expense?

d$.$ If a $6-$month lease payment was $$6,600,$ what was the rent expense for the current year?

On what approximate date was the payment made?$$537,800?$

c$.$ If salaries paid during the current year totaled $$200,000,$ what was the salaries expense?

d$.$ If a $6-$month lease payment was $$6,600,$ what was the rent expense for the current year?

On what approximate date was the payment made?