USA Cash received

[WithLive75]

The income statement of Waterway Industries for 2017 included the following items:

Interest revenue	$156000​
Salaries and wages expense​	216000​
Insurance expense​	20200​

The following balances have been excerpted from Waterway Industries's balance sheets:

	December 31, 2017​	December 31, 2016​
Interest receivable​	$17200​	$14900​
Salaries and wages payable​	17800​	9300​
Prepaid insurance​	2150​	3300​

The cash received for interest during 2017 was

 

[AGH the CPA]

This looks like a homework problem?

Please note that if you are looking for assistance with an exam-style question, you must attempt the question yourself before asking for help. You can then state the answer you have so far and explain which aspect you need help with. Anyone posting exam-style questions expecting the answer to be given to them will have their posts removed. Repeat offenders will be banned from the forum.

and post here: https://www.accountantforums.com/forums/exams-and-studying.28/

 

[Ian]

Yes, this does look like a homework problem - so I've moved it to the correct forum section.

@WithLive75 - please read the quote that AGH the CPA posted above, as this explains our rules when asking for exam/homework help. Particularly the part about attempting it!