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The following account information was gathered from Jeffco for April. Accounts payable Accrued liabilities Inventory Prepaid insurance Prepaid miscellaneous expense Utilities payable Ending Beginning S65,000
The following account information was gathered from Jeffco for April. Accounts payable Accrued liabilities Inventory Prepaid insurance Prepaid miscellaneous expense Utilities payable Ending Beginning S65,000 $86,000 7,000 18,000 5,000 3,000 3,000 12,000 25,000 6,000 1,000 2,000 The following expenses were incurred in April: Cost of goods sold Insurance expense Utilities expense Miscellaneous expense $645,000 17,000 11,000 248,000 Required 1.Determine the cash paid for inventory during April. 2. Determine the cash paid for insurance during April. 3. Determine the cash paid for utilities during April. 4. Determine the cash paid for miscellaneous expenses during April
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