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leonid [27]
2 years ago
12

The following information is taken from the 2022 general ledger of Sunland Company.

Business
1 answer:
kaheart [24]2 years ago
7 0

Answer:

Prepaid Rent - Dec 31        $12,580

Rent Expenses                   $51,000

Less: Prepaid rent Jan 1    <u> $10,030</u>

Cash payment for Rent     <u>$53,550</u>

Salaries & Wages payable - Dec 31       $13,600

Salaries & Wage expense                      $91,800

Less: Salaries & wages payable Jan 1   <u>$13,400</u>

Cash payment for Salaries                    <u>$92,000</u>

Accounts receivables - Jan 1              $27,200

Sales revenue                                      $272,000

Less: Accounts receivables, Dec 31    <u>$11,900</u>

Cash receipts from customer            <u>$287,300</u>

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