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The following are some of the year-end balances of Tyagi Company: 20X120X0 Unbilled Revenue 1,800 2,100 Interest Receivable 680 570 Unearned revenue 1,600 1,100 Prepaid Rent 7,900 5,900 Salaries Payable 850 1,200 810 730 Interest Payable The cash flow statement for 20X1 has the following information: Fees received 21,710 Interest received 2,030 Rent paid 11,600 Salaries paid 6,820 Interest paid 1,840 Compute the following for 20X1: a) Fee revenue b) Interest income c) Rent expense d) Salaries expense

The following are some of the year-end balances of Tyagi Company: 20X120X0 Unbilled Revenue 1,800 2,100 Interest Receivable 680 570 Unearned revenue 1,600 1,100 Prepaid Rent 7,900 5,900 Salaries Payable 850 1,200 810 730 Interest Payable The cash flow statement for 20X1 has the following information: Fees received 21,710 Interest received 2,030 Rent paid 11,600 Salaries paid 6,820 Interest paid 1,840 Compute the following for 20X1: a) Fee revenue b) Interest income c) Rent expense d) Salaries expense

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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The following are some of the year-end balances of Tyagi Company: 20X120X0 Unbilled Revenue 1,800 2,100 Interest Receivable 680 570 Unearned revenue 1,600 1,100 Prepaid Rent 7,900 5,900 Salaries Payable 850 1,200 810 730 Interest Payable The cash flow statement for 20X1 has the following information: Fees received 21,710 Interest received 2,030 Rent paid 11,600 Salaries paid 6,820 Interest paid 1,840 Compute the following for 20X1: a) Fee revenue b) Interest income c) Rent expense d) Salaries expense
Transcribed Image Text:The following are some of the year-end balances of Tyagi Company: 20X120X0 Unbilled Revenue 1,800 2,100 Interest Receivable 680 570 Unearned revenue 1,600 1,100 Prepaid Rent 7,900 5,900 Salaries Payable 850 1,200 810 730 Interest Payable The cash flow statement for 20X1 has the following information: Fees received 21,710 Interest received 2,030 Rent paid 11,600 Salaries paid 6,820 Interest paid 1,840 Compute the following for 20X1: a) Fee revenue b) Interest income c) Rent expense d) Salaries expense
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