Patty company paid or collected during 2020 the following items: insurance premiums paid. 30,800 interest collected....
Patty company paid or collected during 2020 the following items:
insurance premiums paid. 30,800
interest collected. 69,800
salaries and wages paid 280,400
The following balances have been excerpted from Patt's balance sheets:
December 31, 2020. December 31, 2019
prepaid insurance. 2,400 3,000
interest receivable 7,400 5,800.
Salaries and wages payable. 24,600 21,200
salaries and wages expense on the income statement for 2020 was?
Homework Answers
Salaries and wages expense = Closing Balance + Salaries and
wages paid - Opening Balance
Salaries and wages expense = 24,600 + 280,400 - 21,200
Salaries and wages expense = 283,800
Add Answer to:
Patty company paid or collected during 2020 the following
items:
insurance premiums paid. 30,800
interest collected....
Bramble Corp. paid or collected during 2020 the following items: $30200 Insurance premiums paid Interest collected...
Bramble Corp. paid or collected during 2020 the following items: $30200 Insurance premiums paid Interest collected Salaries paid 69200 280400 The following balances have been excerpted from Bramble's balance sheets: Prepaid insurance Interest receivable Salaries and wages payable December 31, 2020 $2380 7020 24300 December 31, 2019 $2840 5660 21200 The insurance expense on the income statement for 2020 was The following balances have been excerpted from Bramble's balance sheets: December 31, 2020 $2380 December 31, 2019 $2840 Prepaid insurance...
Payments made or received during 2020 Insurance premiums paid Rental payments made Interest collected Interest Paid...
Payments made or received during 2020 Insurance premiums paid Rental payments made Interest collected Interest Paid Salaries Paid 11,000 14,000 8,000 9,000 17,000 The following balances are excerpted from the Company's balance sheets 12/31/2020 12/31/2019 Prepaid Insurance 1,600 1,300 Prepaid Rent 3,500 3,200 Interest Receivable 2,700 3,800 Interest Payable 3,400 2,800 Salaries Payable 9,800 11,000 Insurance expense? Rent Expense? Interest Revenue? Interest Expense? Salary Expense?
The income statement of Dolan Corporation for 2020 included the following items: Interest revenue &
The income statement of Dolan Corporation for 2020 included the following items: Interest revenue $141,000 Salaries and wages expense 210,000 Insurance expense 21,200 The following balances have been excerpted from Dolan Corporation's balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18,200 $15,000 Salaries and wages payable 17,800 8,400 Prepaid insurance 2,200 3,000 The cash paid for salaries and wages during 2020 was
The income statement of Dolan Corporation for 2020 included the following items: Interest revenue $141,000 Salaries...
The income statement of Dolan Corporation for 2020 included the following items: Interest revenue $141,000 Salaries and wages expense 210,000 Insurance expense 21,200 The following balances have been excerpted from Dolan Corporation's balance sheets: December 31, 2020 December 31, 2019 Interest receivable $18,200 $15,000 Salaries and wages payable 17,800 8,400 Prepaid insurance 2,200 3,000 The cash paid for salaries and wages during 2020 was $219,400 $200,600 $201,600 $227,800
The income statement of Dolan Corporation for 2020 included the following items: The following balances have...
The income statement of Dolan Corporation for 2020 included the
following items:
The following balances have been excerpted from Dolan
Corporation's balance sheets:
The cash paid for insurance premiums during 2020 was
Answers:
A.
$22,000.
B.
$20,400.
C.
$19,000.
D.
$18,200.
Please explain how you got the answer. Thank you.
There is NO balance sheet or income statement
included in the question. This was all the information that the
question gave me.
We were unable to transcribe this imageWe...
Use the information for questions The income statement included the following items: Interest revenue &
Use the information for questions The income statement included the following items: Interest revenue $100,500 Salaries expense 110,000 Insurance expense 9,600 The following balances have been excerpted from balance sheets: Jan 31, 2010 Jan 31, 2009 Interest receivable $9,100 $7,500 Salaries payable 8,900 4,200 Prepaid insurance 1,100 1,500 The cash received for interest during 2010 was ___ The cash paid for salaries during 2010 was _____ The cash paid for insurance premiums during...
1-For Cullumber Company, the following information is available: Cost of goods sold $400000 Dividend revenue 15300...
1-For Cullumber Company, the following information is
available:
Cost of goods sold
$400000
Dividend revenue
15300
Income tax expense
35900
Operating expenses
139500
Sales revenue
607000
In Cullumber’s single-step income statement, gross profit
should be reported at $207000.
should be reported at $222300.
should be reported at $46900.
should not be reported.
2-The following information is available for Swifty Corporation
for 2020:
Disbursements for purchases
$1532000
Increase in trade accounts
payable
98000
Decrease in merchandise
inventory
39000
Cost of goods...
The following balances have been taken from Ridge Corporation's balance sheets: The combined 2015 expense for...
The following balances have been taken from Ridge Corporation's
balance sheets:
The combined 2015 expense for insurance and salaries will be:
Prepaid Insurance Interest Receivable Salaries Payable December 31, 2015 $1,300 2,700 9,600 December 31, 2014 $1,700 3,500 11,200 Ridge Corporation paid or collected during 2015 the following items: Insurance premiums paid Interest collected Salaries paid $16,200 30,100 132, 100
the income statement of Buzz corporation for 2020 included the following items interest revenue 141000 salaries...
the income statement of Buzz corporation for 2020 included the following items interest revenue 141000 salaries and wages expenses 210000 insurance expenses 21200 salaries and wages payable December 31, 2020, 17800 December 31, 2019, 8400 the cash paid for salaries and wages during 2020 was?
J o cell Styles SUM X. fx =Sheet31812+Sheet11A2:019 А 1 Payments made or received during 2012...
J o cell Styles SUM X. fx =Sheet31812+Sheet11A2:019 А 1 Payments made or received during 2012 3 Insurance premiums paid 4 Rental payments made 5 Interest collected 6 Interest Paid 7 Salaries Paid 12000 15000 10000 7000 18000 10 9 The following balances are excerpted from the Company's balance sheets 12/31/12 12/31/11 11 Prepaid Insurance 1800 1300 12 Prepaid Rent 2500 3200 13 Interest Receivable 3200 3800 14 Interest Payable 3300 2800 15 Salaries Payable 9000 11000 17 Insurance expense?...
Bramble Corp. paid or collected during 2020 the following items: $30200 Insurance premiums paid Interest collected Salaries paid 69200 280400 The following balances have been excerpted from Bramble's balance sheets: Prepaid insurance Interest receivable Salaries and wages payable December 31, 2020 $2380 7020 24300 December 31, 2019 $2840 5660 21200 The insurance expense on the income statement for 2020 was The following balances have been excerpted from Bramble's balance sheets: December 31, 2020 $2380 December 31, 2019 $2840 Prepaid insurance...
Payments made or received during 2020 Insurance premiums paid Rental payments made Interest collected Interest Paid Salaries Paid 11,000 14,000 8,000 9,000 17,000 The following balances are excerpted from the Company's balance sheets 12/31/2020 12/31/2019 Prepaid Insurance 1,600 1,300 Prepaid Rent 3,500 3,200 Interest Receivable 2,700 3,800 Interest Payable 3,400 2,800 Salaries Payable 9,800 11,000 Insurance expense? Rent Expense? Interest Revenue? Interest Expense? Salary Expense?
The income statement of Dolan Corporation for 2020 included the
following items:
The following balances have been excerpted from Dolan
Corporation's balance sheets:
The cash paid for insurance premiums during 2020 was
Answers:
A.
$22,000.
B.
$20,400.
C.
$19,000.
D.
$18,200.
Please explain how you got the answer. Thank you.
There is NO balance sheet or income statement
included in the question. This was all the information that the
question gave me.
We were unable to transcribe this imageWe...
1-For Cullumber Company, the following information is
available:
Cost of goods sold
$400000
Dividend revenue
15300
Income tax expense
35900
Operating expenses
139500
Sales revenue
607000
In Cullumber’s single-step income statement, gross profit
should be reported at $207000.
should be reported at $222300.
should be reported at $46900.
should not be reported.
2-The following information is available for Swifty Corporation
for 2020:
Disbursements for purchases
$1532000
Increase in trade accounts
payable
98000
Decrease in merchandise
inventory
39000
Cost of goods...
The following balances have been taken from Ridge Corporation's
balance sheets:
The combined 2015 expense for insurance and salaries will be:
Prepaid Insurance Interest Receivable Salaries Payable December 31, 2015 $1,300 2,700 9,600 December 31, 2014 $1,700 3,500 11,200 Ridge Corporation paid or collected during 2015 the following items: Insurance premiums paid Interest collected Salaries paid $16,200 30,100 132, 100
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