Calculation of Expense
the Records for Jay Inc Instructions
Calculate the Total Amount of Expenses That Should Be

question 28

Essay

Calculation of expense
The records for Jay Inc. showed the following for 2020:
$\begin{array}{cccc}&\underline{\text {Jan 1 }} &\underline{ \text {Dec 31} } \\ \text { Accrued expenses............................... } &\$2,000&\$3,600\\ \text { Prepaid expenses................................... } &900&800\\ \text {Cash paid during the year for expenses...... } &&\$55,000\\\end{array}$
Instructions
Calculate the total amount of expenses that should be reported on the 2020 statement of comprehensive income.

---

Definitions:

Transitional Words

Words or phrases that provide a connection between ideas, sentences, and paragraphs, helping to make writing coherent.

Series of Ideas

A sequence or set of concepts that are related or connected in some way.

First, Second

Terms denoting order or sequence, often used in classifications, stages, or degrees of categorization.

Passive-Voice Sentence

A sentence construction where the subject of the sentence is acted upon by the verb, often obscuring who or what is performing the action.