Business, 29.01.2021 17:20 missperfectionp89qqq
The income statement of Sheffield Corp. for 2020 included the following items: Interest revenue $137000 Salaries and wages expense 218000 Insurance expense 23100 The following balances have been excerpted from Sheffield Corp.'s balance sheets:
December 31, 2014 December 31, 2013,
Interest receivable $18,200 $15,000
Salaries and wages Payable $17,800 $8,400
Prepaid Insurance $2,200 $3,000
The cash received for interest during 2014 was:.
a. $121,000.
b. $102,800.
c. $117,800.
d. $124,200.
Answers: 3
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The income statement of Sheffield Corp. for 2020 included the following items: Interest revenue $137...
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