CASH PAID FOR OPERATING EXPENSES The following information was obtained from Knox Company's income statement for 20-2,

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CASH PAID FOR OPERATING EXPENSES The following information was obtained from Knox Company's income statement for 20-2, balance sheets as of December 31, 20-2 and 20-1, and auxiliary records:

Operating expenses for 20-2 ...........$350,400

Depreciation expense for 20-2 .........22,000 (Included in operating expenses.)


20-2 20-1 Supplies and prepayments Accrued and withheld payroll taxes $9,600 2,900 $6,700 3,800


Compute the amount of cash paid for operating expenses in20-2.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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