Company has the following accounts balances at the end of the two-years below. Select Financial Data note column dates 12/31/year1 12/31/year2 Accounts Receivable from customers $ 242,000 $ 215,000 Prepaid Maintenance $ 800 $ 1000 Wages Payable $ 6,000 $ 4,000 Company included the following line items (and others) on the income statement for the year ended 12/31/Yr2: $830,000 of sales revenue $18,000 of maintenance expense $62,500 of wage expense $12,000 of interest expense.

How much cash was paid for maintenance during Year2?

Answer rating: 100% (QA)

Cash paid for maintenance during Year 2 can be computed a... View the full answer