Question

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

Answer 1

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

Answer 2

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

Answer 3

Thanks! Do you have any idea about the other?

Answer 4

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

Answer 5

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

Answer 6

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

Answer 7

Yep!