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Question 8 (6 points) Prepaid rent at 1/1/20 was $29,000. During 2020 rent payments of $130,000 were made and charged to rent expense. The
Question 8 (6 points) Prepaid rent at 1/1/20 was $29,000. During 2020 rent payments of $130,000 were made and charged to "rent expense." The 2020 income statement shows as a general expense the item "rent expense" in the amount of $145,000. Compute the amount of prepaid rent that was expired in current year Example of Answer: 4000 (No comma, space, decimal point, or $ sign) Question 9 (6 points) Interest Receivable: Jan. 1 accrued, $3,000, Dec. 31 accrued, $2,100, recognized for the year, $45,000. Compute totall of cash interest received during the year. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) Question 10 (6 points) Accounts Payable: Jan. 1, balance $25,000, Dec. 31, balance $54,000, purchases on account for the year, $150,000. Compute total cash payments for purchases during the year.
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