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: $\begin{array}{lrr}
& \underline{2014} & \underline{2013} \
\text { Prepaid Rent } ............................................& \$ 900 & \$ 300 \
\text { Salaries and Wages Payable } ...................... & 500 & 400 \

\end{array}$ Calculate the following for 2014:
1. Cash paid for rent.
2. Cash paid for wages.

Question

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: $\begin{array}{lrr}
& \underline{2014} & \underline{2013} \
\text { Prepaid Rent } ............................................& \$ 900 & \$ 300 \
\text { Salaries and Wages Payable } ...................... & 500 & 400 \

\end{array}$ Calculate the following for 2014:
1. Cash paid for rent.
2. Cash paid for wages.

Quizplus · Accepted Answer

The Answer of 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: $\begin{array}{lrr}
& \underline{2014} & \underline{2013} \
\text { Prepaid Rent } ............................................& \$ 900 & \$ 300 \
\text { Salaries and Wages Payable } ...................... & 500 & 400 \

\end{array}$ Calculate the following for 2014:
1. Cash paid for rent.
2. Cash paid for wages.

The 2014 Income Statement for Moring Company Showed Rent Expense