Harmony Music Store's quarterly utility expenses were: Q1: $3,400, Q2: $2,800, Q3: $4,200, Q4: $3,600. If they had prepaid $15,000 at the start of the year, Find the prepaid utilities balance at year-end.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 11EB: Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase,...
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Harmony Music Store

Harmony Music Store's quarterly utility expenses were: Q1:
$3,400, Q2: $2,800, Q3: $4,200, Q4: $3,600. If they had
prepaid $15,000 at the start of the year, Find the prepaid
utilities balance at year-end.
Transcribed Image Text:Harmony Music Store's quarterly utility expenses were: Q1: $3,400, Q2: $2,800, Q3: $4,200, Q4: $3,600. If they had prepaid $15,000 at the start of the year, Find the prepaid utilities balance at year-end.
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