Operating Cash Flow: Prepaid Operating Expenses
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 |
$1,500 |
$1,430 |
|
Wages payable |
600 |
750 |