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Business, 24.02.2020 20:51 kc22

Olsen Company paid or collected during 2014 the following items:

Insurance premiums paid $25,800
Interest collected 62,800
Salaries paid 260,400

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

December 31, 2014 December 31, 2013
Prepaid insurance $2,400 $3,000
Interest receivable 7,400 5,800
Salaries and wages payable 24,600 21,200

The interest revenue on the income statement for 2014 was

Select one:

A. $49,600.
B. $76,000.
C. $61,200.
D. $64,400.

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Answers: 2

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Olsen Company paid or collected during 2014 the following items:

Insurance premiums pai...
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