The 20x5 income statement for Almond Company showed rent expense of $10,800 and salaries expense of $7,200.The related balance sheet account balances at year end for last year and this year were as follows:
a.Compute cash paid for rent during the year.
b.Compute cash paid for salaries during the year.

Question

The 20x5 income statement for Almond Company showed rent expense of $10,800 and salaries expense of $7,200.The related balance sheet account balances at year end for last year and this year were as follows:
  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 20x5 income statement for Almond Company showed rent expense of $10,800 and salaries expense of $7,200.The related balance sheet account balances at year end for last year and this year were as follows:
  a.Compute cash paid for rent during the year.
b.Compute cash paid for salaries during the year.

The 20x5 Income Statement for Almond Company Showed Rent Expense