The 2019 income statement for Berring Ltd showed rent expense of $5,500 and salary expense of $5,600. The related statement of financial position account balances at year end 2018 and 2019 were as follows:
Calculate the following for 2019:
1. Cash paid for rent.
2. Cash paid for wages.

Question

The 2019 income statement for Berring Ltd showed rent expense of $5,500 and salary expense of $5,600. The related statement of financial position account balances at year end 2018 and 2019 were as follows:
  Calculate the following for 2019:
1. Cash paid for rent.
2. Cash paid for wages.

Quizplus · Accepted Answer

The Answer of The 2019 income statement for Berring Ltd showed rent expense of $5,500 and salary expense of $5,600. The related statement of financial position account balances at year end 2018 and 2019 were as follows:
  Calculate the following for 2019:
1. Cash paid for rent.
2. Cash paid for wages.

The 2019 Income Statement for Berring Ltd Showed Rent Expense