Ex. 252 The 2014 income statement for Moring Company showed rent
Question # 00107442
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Updated on: 09/24/2015 07:57 PM Due on: 10/24/2015
Ex. 252
The 2014 income statement for Moring Company showed rent expense of $9,500 and wages expense of $8,600. The related balance sheet account balance at year-end last year and this year were as follows:
2014 2013
Prepaid Rent $900 $300
Salaries and Wages Payable 500 400
Calculate the following for 2014:
1. Cash paid for rent.
2. Cash paid for wages.
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Solution: Ex. 252 The 2014 income statement for Moring Company showed rent