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The income statement for the Company for 2020 included the following items: Revenue $15,000 Insurance expense $ 20,000 The balances are from the Company's balance
The income statement for the Company for 2020 included the following items: Revenue $15,000 Insurance expense $ 20,000 The balances are from the Company's balance sheet: Balance Sheet as of Year End 31 Dec 2020 Receivables from customers $ 20,000 $ 22,000 Insurance payable $ 18,000 $10,000 What is the cash paid for Insurance Expense during 2020? Dec 31, 2019
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