The 2014 income statement for moring company showed rent, Ask an Expert

Economics

The 2014 income statement for Moring Company showed rent expense of $9,500 and wages expense of $8,600. The related balance sheet account balance at year-end last year and this year were as follows:

2014 2013

Prepaid Rent $900 $300

Salaries and Wages Payable 500 400

Calculate the following for 2014:

1. Cash paid for rent.

2. Cash paid for wages.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91410405

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