Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Accounting Information System 3 - 21 Use the following information for questions 144 through 146: The income statement of Dolan Corporation for 2015 included

image text in transcribed
The Accounting Information System 3 - 21 Use the following information for questions 144 through 146: The income statement of Dolan Corporation for 2015 included the following items: Interest revenue 55,500 Salaries and wages expense 95,000 Insurance expense 9,600 The following balances have been excerpted from Dolan Corporation's statement of financial position: December 31, 2015 December 31, 2014 Accrued interest receivable 9, 100 7,500 Accrued salaries and wages payable 8,900 4,200 Prepaid insurance 1,100 1,500 *144. The cash received for interest during 2015 was a. 46,400. b. 53,900 C. 55,500 d. 57,100. *145. The cash paid for salaries and wages during 2015 was a. 99.700. b. 90,300 c. 90,800. d. 103,900. *146. The cash paid for insurance premiums during 2015 was a. 8,500. b. 8,100. c. 10,000 d. 9,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-30

Authors: John Price, M. David Haddock, Michael Farina

14th edition

978-1259284861, 1259284867, 77862392, 978-0077862398

Students also viewed these Accounting questions