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* Question Completion Status: 2 3 5 6 9 10 11 12 13 14 15 Question 3 The income statement of ABC Corporation for 2021 included the following items: Interest revenue $65,500 Interest expense Salaries expense Insurance expense 5,800 91,000 8,000 13,700 Rent Revenue ABC Corporation paid or collected during 2021 the following items: 64,800 5,700 95,000 8,750 13,900 Interest collected Interest paid Salaries paid Insurance premiums paid Rent collected The following balances have been excerpted from ABC Corporation's balance sheet: Interest receivable Salaries payable Prepaid insurance Deferred (Unearned) Rent Revenue Interest payable December 31. 2020 $9,100 8,900 1,100 2,700 1,800 Select and copy the questions (A, B, and C) below to answer in the space provided A The amount that would be included on the balance sheet for interest receivable at 12/31/21 is B. The amount that would be included on the balance sheet for salaries payable at 12/31/21 is C The amount that would be included on the balance sbest for dafeueduneamedrent revemsat 123121s

* Question Completion Status: 2 3 5 6 9 10 11 12 13 14 15 Question 3 The income statement of ABC Corporation for 2021 included the following items: Interest revenue $65,500 Interest expense Salaries expense Insurance expense 5,800 91,000 8,000 13,700 Rent Revenue ABC Corporation paid or collected during 2021 the following items: 64,800 5,700 95,000 8,750 13,900 Interest collected Interest paid Salaries paid Insurance premiums paid Rent collected The following balances have been excerpted from ABC Corporation's balance sheet: Interest receivable Salaries payable Prepaid insurance Deferred (Unearned) Rent Revenue Interest payable December 31. 2020 $9,100 8,900 1,100 2,700 1,800 Select and copy the questions (A, B, and C) below to answer in the space provided A The amount that would be included on the balance sheet for interest receivable at 12/31/21 is B. The amount that would be included on the balance sheet for salaries payable at 12/31/21 is C The amount that would be included on the balance sbest for dafeueduneamedrent revemsat 123121s

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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* Question Completion Status: 1 2 3 5 10 11 12 13 14 15 Question 3 The income statement of ABC Corporation for 2021 included the following items: Interest revenue $65,500 Interest expense Salaries expense 5,800 91,000 8,000 Insurance expense Rent Revenue 13,700 ABC Corporation paid or collected during 2021 the following items: 64,800 5,700 Interest collected Interest paid Salaries paid Insurance premiums paid Rent collected 95,000 8,750 13,900 The following balances have been excerpted from ABC Corporation's balance sheet: Interest receivable Salaries payable Prepaid insurance Deferred (Unearned) Rent Revenue Interest payable December 31, 2020 $9,100 8,900 1,100 2,700 1,800 Select and copy the questions (A, B, and C) below to answer in the space provided A. The amount that would be included on the balance sheet for interest receivable at 12/31/21 is. B. The amount that would be included on the balance sheet for salaries payable at 12/31/21 is: C The amount that would be included on the balance sheet for deferred(unearmed) rent revenue at 12 31/21 is.
Transcribed Image Text:* Question Completion Status: 1 2 3 5 10 11 12 13 14 15 Question 3 The income statement of ABC Corporation for 2021 included the following items: Interest revenue $65,500 Interest expense Salaries expense 5,800 91,000 8,000 Insurance expense Rent Revenue 13,700 ABC Corporation paid or collected during 2021 the following items: 64,800 5,700 Interest collected Interest paid Salaries paid Insurance premiums paid Rent collected 95,000 8,750 13,900 The following balances have been excerpted from ABC Corporation's balance sheet: Interest receivable Salaries payable Prepaid insurance Deferred (Unearned) Rent Revenue Interest payable December 31, 2020 $9,100 8,900 1,100 2,700 1,800 Select and copy the questions (A, B, and C) below to answer in the space provided A. The amount that would be included on the balance sheet for interest receivable at 12/31/21 is. B. The amount that would be included on the balance sheet for salaries payable at 12/31/21 is: C The amount that would be included on the balance sheet for deferred(unearmed) rent revenue at 12 31/21 is.
The following balances have been excerpted from ABC Corporation's balance sheet: December 31, 2020 Interest receivable $9,100 Salaries payable Prepaid insurance Deferred (Unearned) Rent Revenue Interest payable 8,900 1,100 2,700 1,800 Select and copy the questions (A, B, and C) below to answer in the space provided A. The amount that would be included on the balance sheet for interest receivable at 12/31/21 is: B. The amount that would be included on the balance sheet for salaries payable at 12/31/21 is: C. The amount that would be included on the balance sheet for deferred(unearned) rent revenue at 12/31/21 is: D. The amount that would be included on the balance sheet for prepaid insurance at 12/31/21 is: E. The amount that would be included on the balance sheet for interest payable at 12/31/21 is: E - - e s 3 (12pt) ттт Arial
Transcribed Image Text:The following balances have been excerpted from ABC Corporation's balance sheet: December 31, 2020 Interest receivable $9,100 Salaries payable Prepaid insurance Deferred (Unearned) Rent Revenue Interest payable 8,900 1,100 2,700 1,800 Select and copy the questions (A, B, and C) below to answer in the space provided A. The amount that would be included on the balance sheet for interest receivable at 12/31/21 is: B. The amount that would be included on the balance sheet for salaries payable at 12/31/21 is: C. The amount that would be included on the balance sheet for deferred(unearned) rent revenue at 12/31/21 is: D. The amount that would be included on the balance sheet for prepaid insurance at 12/31/21 is: E. The amount that would be included on the balance sheet for interest payable at 12/31/21 is: E - - e s 3 (12pt) ттт Arial
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