PAAST Company paid or collected during 2025 the following it…
PAAST Company paid or collected during 2025 the following items: Insurance premiums paid $ 30,800 Interest collected 69,800 Salaries paid 280,400 The following balances have been excerpted from PAAST’s balance sheets: December 31, 2025 December 31, 2024 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 2025 was
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