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The Income Statement for Catlett Corporation Included the Following Revenues

Question 243

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The income statement for Catlett Corporation included the following revenues and expenses for 20xx:
 Fees earned $103,000 Wages expense 44,700 Insurance expense 8,500 Interest expense 5,200\begin{array}{lr}\text { Fees earned } & \$ 103,000 \\\text { Wages expense } & 44,700 \\\text { Insurance expense } & 8,500 \\\text { Interest expense } & 5,200\end{array} Listed below are the related balance sheet account balances at year end for this year and last year:
 This Year  Last Year  Unearned Fees $7,800$6,600 Wages Payable 2,7003,300 Prepaid Insurance 1,200 Interest Payable 800\begin{array} { | l | r | r | } \hline & \text { This Year } & \text { Last Year } \\\hline & & \\\text { Unearned Fees } & \$ 7,800 & \$ 6,600 \\\text { Wages Payable } & 2,700 & 3,300 \\ \text { Prepaid Insurance } & 1,200 & - \\\text { Interest Payable } & - - & 800 \\\hline\end{array}
a. Compute cash received for fees during the year.
b. Compute cash paid for wages during the year.
c. Compute cash paid for insurance during the year.
d. Compute cash paid for interest during the year.

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a.$104,200 ($7,800 + $103,000 ...

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