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    Ibee kim Posts: 1, Reputation: 1
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    Sep 1, 2013, 07:45 AM
    Accounting
    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

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