Calculation of expense
The records for Jay Inc. showed the following for 2020:
$\begin{array}{cccc}
&\underline{\text {Jan 1 }} &\underline{ \text {Dec 31} } \
\text { Accrued expenses............................... } &\$2,000&\$3,600\
\text { Prepaid expenses................................... } &900&800\
\text {Cash paid during the year for expenses...... } &&\$55,000\
\end{array}$
Instructions
Calculate the total amount of expenses that should be reported on the 2020 statement of comprehensive income.

Question

Calculation of expense
The records for Jay Inc. showed the following for 2020:
 $\begin{array}{cccc}
&\underline{\text {Jan 1  }} &\underline{  \text {Dec 31}  }   \
 \text { Accrued expenses............................... } &\$2,000&\$3,600\
 \text { Prepaid expenses................................... } &900&800\
 \text {Cash paid during the year for expenses......  } &&\$55,000\
\end{array}$
 Instructions
Calculate the total amount of expenses that should be reported on the 2020 statement of comprehensive income.

Quizplus · Accepted Answer

The Answer of Calculation of expense
The records for Jay Inc. showed the following for 2020:
 $\begin{array}{cccc}
&\underline{\text {Jan 1  }} &\underline{  \text {Dec 31}  }   \
 \text { Accrued expenses............................... } &\$2,000&\$3,600\
 \text { Prepaid expenses................................... } &900&800\
 \text {Cash paid during the year for expenses......  } &&\$55,000\
\end{array}$
 Instructions
Calculate the total amount of expenses that should be reported on the 2020 statement of comprehensive income.

Calculation of Expense the Records for Jay Inc Instructions Calculate the Total Amount of Expenses That Should Be

Calculation of Expense
the Records for Jay Inc Instructions
Calculate the Total Amount of Expenses That Should Be