## Question

###### Patty company paid or collected during 2020 the following items: insurance premiums paid. 30,800 interest collected....

Patty company paid or collected during 2020 the following items:

insurance premiums paid. 30,800

interest collected. 69,800

salaries and wages paid 280,400

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

December 31, 2020. December 31, 2019

prepaid insurance. 2,400 3,000

interest receivable 7,400 5,800.

Salaries and wages payable. 24,600 21,200

salaries and wages expense on the income statement for 2020 was?

## Answers

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