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Calculate the amount of cash paid for insurance

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After adjusting entries had been made, Infosys Company's balance sheets showed the following asset and liability amounts at the end of 2013 and 2014:

2014

2013

Prepaid insurance

$1,200

$1,450

Wages payable

600

1,100

Unearned fees

2,100

950

The following amounts were taken from the 2014 income statement:

Insurance expense    $1,900
Wages expense          9,750
Fees earned               4,450

Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during 2014.

Cash payments for insurance during 2014:     $
Cash payments for wages during 2014:          $
Cash receipts from fees during 2014:             $

Reference no: EM13833814

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