Cash Paid for Operating Expenses The following information was obtained from Busby Company's income statement for 20-2, balance sheets as of December 31, 20-2 and 20-1, and auxiliary records: Operating expenses for 20-2 $290,500 Depreciation expense for 20-2 30,000 (Included in operating expenses.) 20-2 20-1 Supplies and prepayments $7,100 $8,300 Accrued and withheld payroll taxes 3,800 2,700 Compute the amount of cash paid for operating expenses in 20-2.
Cash Paid for Operating Expenses The following information was obtained from Busby Company's income statement for 20-2, balance sheets as of December 31, 20-2 and 20-1, and auxiliary records: Operating expenses for 20-2 $290,500 Depreciation expense for 20-2 30,000 (Included in operating expenses.) 20-2 20-1 Supplies and prepayments $7,100 $8,300 Accrued and withheld payroll taxes 3,800 2,700 Compute the amount of cash paid for operating expenses in 20-2.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23: Statement Of Cash Flows
Section: Chapter Questions
Problem 11SPA: COMPUTE CASH PROVIDED BY OPERATING ACTIVITIES Horn Companys condensed income statement for the year...
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Cash Paid for Operating Expenses
The following information was obtained from Busby Company's income statement for 20-2, balance sheets as of December 31, 20-2 and 20-1, and auxiliary records:
Operating expenses for 20-2 | $290,500 | |
30,000 | (Included in operating expenses.) |
20-2 | 20-1 | |
Supplies and prepayments | $7,100 | $8,300 |
Accrued and withheld payroll taxes | 3,800 | 2,700 |
Compute the amount of cash paid for operating expenses in 20-2.
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