Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 7.00

Wipro Company

Relationship of Expenses to Cash paid

E12A. Business AppliCAtion ▶ Wipro Company’s income statement included the following expenses for 2014:

 

 

Rent expense

$  78,000

Interest expense

11,700

Salaries expense

124,500

The related balance sheet account balances at year end for last year and this year follow.

 

 

Last year

this year

Prepaid rent

—

$ 1,350

Interest payable

$1,800

—

Salaries payable

7,500

18,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 the year.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 11:08 PM My Price 7.00

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