The income statement for Sahan Company included the following expenses for 2011: Rent expense .....$75,000 Interest expense

Question:

The income statement for Sahan Company included the following expenses for 2011:

Rent expense .....$75,000

Interest expense .... 11,700

Salaries expense ....121,000

Listed below are the related balance sheet account balances at year end for last year and this year.

The income statement for Sahan Company included the following ex

1. Compute the cash paid for rent during the year.
2. Compute the cash paid for interest during the year.
3. Compute the cash paid for salaries during theyear.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...