Question: Using the following information, compute cash paid for operating expenses. Operating expenses: Depreciation . . . . . . . . . . . .

Using the following information, compute cash paid for operating expenses.
Operating expenses:
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,500
Wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,600
Total operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $32,100

End of Year Beginning of Year Prepaid insurance Wages payable $1,500 $1430 750 600

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