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After adjusting entries had been made, Infosys Company's balance sheets showed the following asset and liability amounts at the end of 2013 and 2014:
2014
2013
Prepaid insurance
$1,200
$1,450
Wages payable
600
1,100
Unearned fees
2,100
950
The following amounts were taken from the 2014 income statement:
Insurance expense $1,900Wages expense 9,750Fees earned 4,450
Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during 2014.
Cash payments for insurance during 2014: $Cash payments for wages during 2014: $Cash receipts from fees during 2014: $
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