Answer: Option (B) is correct.
Explanation:
Given that,
Interest Revenue = $141,000
Salaries and Wages Expense = 210,000
Insurance Expense = 21,000
Interest Receivable(2017) = $18,200
Interest Receivable(2016) = $15,000
Salaries and Wages payable(2017) = $17,800
Salaries and Wages payable(2016) = $8,400
Cash Received for Interest:
= Opening Accrued Interest Receivable + Interest Revenue - Closing Accrued Interest Receivable
= $15,000 + $141,000 - $18,200
= $137,800
