What were insurance premiums revenues

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Question - X Company's financial records showed the following during 2015:

Payments made for office supplies $ 60,000 Insurance premiums receipts $500,000

Office rental revenues $425,000 Wages & salaries expense $130,000

X follows the accrual basis of accounting. The following were taken from X's balance sheets:

12-31-15 12-31-14

Office rental receivables $39,000 $40,000

Insurance premiums receivables 40,000 33,000

Prepaid office supplies 17,000 11,000

Prepaid insurance expense 9,000 4,000

Wages & salaries payable 18,000 21,000

Office supplies payable 8,000 10,000

Unearned insurance premiums 22,000 19,000

Unearned office rental revenue 3,000 12,000

Required -

a. What was office supplies expense during 2015?

b. What were wages & salaries payments during 2015?

c. What were insurance premiums revenues during 2015?

d. What were office rental receipts during 2015?

Reference no: EM132793228

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