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Unformatted text preview: 2) Using Accrual Accounting, what is the Rent Expense for April? 3) Using Cash Accounting, the Revenues for April would be how much? 4) Using Accrual Accounting, the Revenues for April would be how much? The 2009 income statement for Goring Company showed rent expense of $6,500 and wages expenses of $7,600. The related balance sheet account balance at year end last year and this year were as follows: 2009 2008 Prepaid Rent $ 900 $ 200 Wages Payable $ 300 $ 400 Calculate the following for 2009: 1. Cash paid for rent. 2. Cash paid for wages....
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This note was uploaded on 12/12/2010 for the course ACCT ACCT207 taught by Professor Dragone during the Fall '10 term at University of Delaware.
- Fall '10