The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000. The Cash ledger...

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The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000. The Cash ledger for the company for 2016 showed $160,500 cash paid for salanes, $14,400 cash paid for insurance, and $365,700 cash paid for inventory. The following balances have been excerpted from Dolan Corporation's balance sheet interest Receivable Salaries & Wages Payable Prepaid Insurance Inventory Accounts Payable. December 31, 2015 $18,200 $17,800 $ 1,200. $33,000 $16,700 Using the above information, determine Cash Received for Interest during 2016 12:00 December 31, 2016 $9,000 $ 25,400 $ 3,000 $50,000 $35,500 QUESTION 6 In recording your answers for the next (3) questions, enter the expense as an absolute value (i.e. no parenthesis, brackets or negative signs only the dollar amount). Using the information presented in a5 abovo, determine the amount of Salary Expense reported on the 2016 accrual based Income Statement 168200 QUESTION 7 Using the information presented in #5 above, determine the amount of Insurance Expense reported on the 2016 accrual based Income Statement 18200 QUESTION 8 Using the information presented in #5 above, determine the amount of Cost of Goods Sold reported on the 2016 accrual based Income Statement: The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000. The Cash ledger for the company for 2016 showed $160,500 cash paid for salanes, $14,400 cash paid for insurance, and $365,700 cash paid for inventory. The following balances have been excerpted from Dolan Corporation's balance sheet interest Receivable Salaries & Wages Payable Prepaid Insurance Inventory Accounts Payable. December 31, 2015 $18,200 $17,800 $ 1,200. $33,000 $16,700 Using the above information, determine Cash Received for Interest during 2016 12:00 December 31, 2016 $9,000 $ 25,400 $ 3,000 $50,000 $35,500 QUESTION 6 In recording your answers for the next (3) questions, enter the expense as an absolute value (i.e. no parenthesis, brackets or negative signs only the dollar amount). Using the information presented in a5 abovo, determine the amount of Salary Expense reported on the 2016 accrual based Income Statement 168200 QUESTION 7 Using the information presented in #5 above, determine the amount of Insurance Expense reported on the 2016 accrual based Income Statement 18200 QUESTION 8 Using the information presented in #5 above, determine the amount of Cost of Goods Sold reported on the 2016 accrual based Income Statement:

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5 5 Determine cash received for interest during 2016 Beginning interest interest re... View the full answer