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This question relates to the following presentation in the balance sheets of Juno, Inc. at December 31, 2020 and 2019: 12/31/20 12/31/19 Current liabilities: Accounts
This question relates to the following presentation in the balance sheets of Juno, Inc. at December 31, 2020 and 2019: 12/31/20 12/31/19 Current liabilities: Accounts payable Accrued wages payable Accrued property taxes payable Accrued interest payable 17,500 $ 19,750 4,700 4,430 2,200 2,000 1,400 0 a. If cash paid during 2020 for wages totaled $139,600, how much was wages expense? b. If property tax expense during 2020 totaled $26,350, how much cash was paid for property taxes during 2020? c. If the interest payable at 12/31/20 had not been accrued at that date, by how much and in what direction (too high or too low) would net income have been mistated? d. Why are expenses accrued
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