The income statement
Interest revenues = 65500
Salaries expense =85000
Insurance expense=7600
The balance sheet
Accrued interest receivable =9100 on December 31,2007 and 7500 on December 31,2006
Accrued salaries payable =8900 on December 31,2007 and 4200 on December 31,2006
Prepaid insurance =1100 on December 31,2007 and 1500 on December 31,2006
Instruction :
1- the cash received for interest during 2007 was
2- the cash paid for salaries during 2007 was
3- the cash paid insurance premiums during 2007 was