Question: After adjusting entries the balance sheets of Tukan Company showed

After adjusting entries, the balance sheets of Tukan Company showed the following asset and liability amounts at the end of 2011 and 2010:


The following amounts were taken from the 2011 income statement:
Insurance expense ......... $1,900
Wages expense .............. 9,750
Fees earned ................... 4,450
Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during2011.
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  • CreatedSeptember 10, 2014
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