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: 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:  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:  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