Reference no: EM132052389

Question - The balance sheets of Palle' Company include the following:

12/31/14 12/31/13

Interest Receivable $4,300 $ -0-

Supplies 5,000 3,900

Salaries and Wages Payable 3,700 3,800

Unearned Service Revenue -0- 4,000

The income statement for 2014 shows the following:

Interest Revenue $17,500

Service Revenue 78,700

Supplies Expense 10,700

Salaries and Wages Expense 48,000

Instructions:

Calculate the following for 2014:

1. Cash received for interest.

2. Cash paid for supplies.

3. Cash paid for salaries and wages.

4. Cash received for service revenue.