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The Balance Sheets of Palle' Company Include the Following

Question 256

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The balance sheets of Palle' Company include the following: 12 / 31 / 14  12 / 31 / 13  Interest Receivable .....................................$4,300$0 Supplies ......................................................5,0003,900 Salaries and Wages Payable ........................3,7003,800 Unearned Service Revenue ..........................04,000\begin{array}{lcc}& \underline{\text{12 / 31 / 14 }} & \underline{\text{ 12 / 31 / 13 }} \\\text { Interest Receivable } .....................................& {\$ 4,300} & {\$-0-} \\\text { Supplies } ......................................................& 5,000 & 3,900 \\\text { Salaries and Wages Payable } ........................& 3,700 & 3,800 \\\text { Unearned Service Revenue } ..........................& -0- & 4,000\end{array}

 The income statement for 2014 shows the following:  Interest Revenue ........................................$17,500 Service Revenue ........................................78,700 Supplies Expense ........................................10,700 Salaries and Wacges Expense ....................48,000\begin{array}{l}\text { The income statement for } 2014 \text { shows the following: }\\\begin{array}{lr}\text { Interest Revenue } ........................................& \$ 17,500 \\\text { Service Revenue }........................................ & 78,700 \\\text { Supplies Expense } ........................................& 10,700 \\\text { Salaries and Wacges Expense }.................... & 48,000\end{array}\end{array} Instructions:
Calculate the following for 2014:
1. Cash received for interest.
2. Cash paid for supplies.
3. Cash paid for salaries and wages.
4. Cash received for service revenue.

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\text { 1. Cash rec...

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