Question

PROBLEM

The income statement for Narciso Gabayan Company included the following expenses for 2013

RENT EXPENSE 780 000
INTEREST EXPENSE 117000
SALARIES EXPENSE 1245000

Listed below are the related balance sheet account balances at year end for last year and this year

Prepaid Rent Last year= ------- This year= 13500
Interest Payable Last year= 18000 This year -------
Salaries Payable Last year=75000 This year= 114000
RECQUIRED
1 Compute the cash paid for rent during the year
2 Compute the cash paid for interest during the year
3 Compute the cash paid for salary

Answer 1

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Answer 2

3