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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
e11A. Business appliCation ▶ After adjusting entries had been made, Infosys Com- pany’s balance sheets showed the following asset and liability amounts at the end of 2013 and 2014:
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(Continued)
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The following amounts were taken from the 2014 income statement:
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|
Insurance expense |
$1,900 |
|
Wages expense |
9,750 |
|
Fees earned |
4,450 |
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Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during 2014.
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