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marpals
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Joined: 13 Dec 2011
Location: Canada
Online Status: Offline
Posts: 1

Posted: 13 Dec 2011 at 17:20 \| IP Logged

sales=$200 and rent expense=$30 during 2009.

Beg Bal in A/R=$150 and prepd acc=$15.

End bal in A/R=$250 and end prepd acc=$25.

The company had to write off the receivable by $15.

What is the cash collected in 2011? What was paid in cash
for rent in 2011?

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