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The income statement for george harris events manangement incluede the ff. Expenses for 2018: Rent expense 780 000 Interest expense 117 000 Salaries 3xpense 1245000
The income statement for george harris events manangement incluede the ff. Expenses for 2018:
Rent expense 780 000
Interest expense 117 000
Salaries 3xpense 1245000
Listed below are the related balance sheet account balances at year end for last year and this year.
Last yr this yr
Prepaid rent -- 13500
Interest payable 18000 ---
Salaries payable 75000 114000
Required:
Compute the cash paid for rent during the year.
Conpute the cash paid for interest and salaries during the year.
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