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The following are balances in selected accounts at November 30, 2016 and December 31, 2016 for CED, Corp. Nov. 30 Dec. 31 Supplies $1,500 $3,000
The following are balances in selected accounts at November 30, 2016 and December 31, 2016 for CED, Corp. Nov. 30 Dec. 31 Supplies $1,500 $3,000 Prepaid insurance 6,000 4,500 Wages payable 10,000 15,000 Unearned rent revenue 2,000 1,000 The additional following information is also available: a. The December income statement reported $2,000 in supplies expense. b. No insurance payments were made in December. c. $10,000 was paid to employees during December for wages. d. On November 1, 2016, a tenant paid CED $3,000 in advance rent for the period November through January. Unearned rent revenue was credited. Questions: 1. What was the cost of supplies purchased during December? 2. How much insurance expense was reported for the month of December? 3. How much wage expense was reported for the month of December? 4. What was the amount of rent revenue reported for the month of December
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