Question: After adjusting entries had been made, the balance sheets of Ramiro's Company showed the following asset and liability amounts at the end of 2009 and

After adjusting entries had been made, the balance sheets of Ramiro's Company showed the following asset and liability amounts at the end of 2009 and 2010:

The following amounts were taken from the 2010 income statement:
Insurance expense ....$3,800
Wages expense ...... 19,500
Fees earned ........ 8,900
Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during2010.

Prepaid insurance Wages payable Uncarned fees 2010 S2,400 1,200 4.200 2009 $2,900 2,200 1,900

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