ACT3391Spring2011TraditionalHomeworkChs3&4solution8to12

ACT3391Spring2011TraditionalHomeworkChs3&4solution8t...

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HOMEWORK Spring 2011 ACT3391 8. (5 points) Z Company. Do not work with the change in interest receivable unless you are trying to calculate interest revenue OR interest receipts. Do not work with the change in prepaid advertising unless you are trying to calculate advertising expense OR payments made for advertising. a. How much cash was paid out for office supplies during 2010? SHOW YOUR WORK Office supplies expense $2,000 Subtract the decrease in prepaid office supplies - 200 Cash paid out $1,800 b. How much cash was paid out for interest during 2010? SHOW YOUR WORK Interest expense $4,000 Subtract the increase in interest payable - 75 Cash paid out $3,925 c. SHOW YOUR WORK $6,000 +2,000 Office rental expense $8,000 d. What were insurance premiums revenues for 2010? SHOW YOUR WORK Insurance premiums receipts $ 9,000 Add the decrease in unearned insurance premiums + 2,050 Insurance premiums revenues $11,050 e. What were office rental revenues for 2010? SHOW YOUR WORK
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This note was uploaded on 03/08/2011 for the course ACCT 3391 taught by Professor Turpin during the Spring '10 term at Troy.

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ACT3391Spring2011TraditionalHomeworkChs3&4solution8t...

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