Please show work
Payments made or received during 2012
Insurance premiums paid 12000
Rental payments made 15000
Interest collected 10000
Interest Paid 7000
Salaries Paid 18000
The following balances are excerpted from the Company's balance sheets
12/31/12 12/31/11
Prepaid Insurance 1800 1300
Prepaid Rent 2500 3200
Interest Receivable 3200 3800
Interest Payable 3300 2800
Salaries Payable 9000 11000
Insurance expense?
Rent Expense?
Interest Revenue?
Interest Expense?
Salary Expense?
Solution
Insurance expense = 1300 + 12000 - 1800 = $ 11500
Rent expense = 3200 + 15000 - 2500 = $ 15700
Interest Revenue = 10000-3800+3200 = 9400
Interest expense = 7000 - 2800 + 3300 = 7500

Salary expense= 18000 -11000 + 9000 = 16000
Thanks