The statement of profit or loss of Winnie’s comedy club for 31 Dec 2009 included the following items: R Interest revenue 50 500 Salaries expense 83 200 Insurance expense 3 400 The following balances have been extracted from the Winnie’s balance sheets: 31 Dec. 2008 31 Dec. 2009 Accrued interest receivables 10 400 9 100 Accrued salaries payable 8 500 7 600 Prepaid insurance 900 1 100 The cash received as interest revenue during 2009 was:
The statement of profit or loss of Winnie’s comedy club for 31 Dec 2009 included the following items:
R
Interest revenue 50 500
Salaries expense 83 200
Insurance expense 3 400
The following balances have been extracted from the Winnie’s
31 Dec. 2008 31 Dec. 2009
Accrued interest receivables 10 400 9 100
Accrued salaries payable 8 500 7 600
Prepaid insurance 900 1 100
The cash received as interest revenue during 2009 was:
- Interest revenue = 50,500
- Accrued interest receivables Opening = 10,400
- Accrued interest receivables Closing = 9,100
cash received as interest revenue during 2009 was:
= Interest Revenue - Accrued interest receivables Closing + Accrued interest receivables Opening
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