Question
Waterway Industries paid or collected during 2020 the following items: Insurance premiums paid $31200 Interest collected Salaries paid 69700 280200 The following balances have
Waterway Industries paid or collected during 2020 the following items: Insurance premiums paid $31200 Interest collected Salaries paid 69700 280200 The following balances have been excerpted from Waterway's balance sheets: December 31, 2020 December 31, 2019 Prepaid insurance $2320 $3060 Interest receivable 7540 5260 Salaries and wages payable 24000 21500 The interest revenue on the income statement for 2020 was O $71980. O $67420. $56900. O $82500.
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
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