The end of year income statement for Plymouth Company showed rent expense of $21,600 and salaries expense of $14,400.The related balance sheet account balances at year end for last year and this year were as follows:
$\begin{array}{|l|r|r|}
\hline & \text { This Year } &{\text { Last Year }} \
\hline & & \
\text { Prepaid rent } & \$ 2,400 & \$ 0 \
\text { Salaries payable } & 800 & 1,600 \
\hline
\end{array}$
a.Compute cash paid for rent during the year.
b.Compute cash paid for salaries during the year.

Question

The end of year income statement for Plymouth Company showed rent expense of $21,600 and salaries expense of $14,400.The related balance sheet account balances at year end for last year and this year were as follows:
 $\begin{array}{|l|r|r|}
\hline & \text { This Year } &{\text { Last Year }} \
\hline & &  \
\text { Prepaid rent } & \$ 2,400 & \$  0 \
\text { Salaries payable } & 800 &  1,600 \
\hline
\end{array}$ 
a.Compute cash paid for rent during the year.
b.Compute cash paid for salaries during the year.

Quizplus · Accepted Answer

The Answer of The end of year income statement for Plymouth Company showed rent expense of $21,600 and salaries expense of $14,400.The related balance sheet account balances at year end for last year and this year were as follows:
 $\begin{array}{|l|r|r|}
\hline & \text { This Year } &{\text { Last Year }} \
\hline & &  \
\text { Prepaid rent } & \$ 2,400 & \$  0 \
\text { Salaries payable } & 800 &  1,600 \
\hline
\end{array}$ 
a.Compute cash paid for rent during the year.
b.Compute cash paid for salaries during the year.

The End of Year Income Statement for Plymouth Company Showed