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Mathematics 14 Online
OpenStudy (anonymous):

Please help!! Basic accounting problem, I just need to know the equation!

OpenStudy (anonymous):

Can someone explain the formula for these two questions! Thanks!

OpenStudy (lukebluefive):

For the first formula, add the prepaid rent for the prior year to the rent expense for the current year: $2,000 + $20,500 = $22,500

OpenStudy (anonymous):

Thanks! Do you have any idea about the other?

OpenStudy (lukebluefive):

For the second formula, take the cash paid for by salaries and subtract the salaries payable amount from it: $84,000 - $7,000 = $77,000

OpenStudy (anonymous):

Wait isn't it just 84,000-7000... yes it is! Thanks!

OpenStudy (lukebluefive):

No problem, glad you figured it out about the same time I did, lol.

OpenStudy (anonymous):

Yep!

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