Use the following information to calculate cash paid for salaries:
$$\begin{array} { | l | r | }
\hline \text { Salaries expense } & \$ 79,000 \
\hline \text { Salaries payable, January 1 } & 6,400 \
\hline \text { Salaries payable, December } 31 & 3,320 \
\hline
\end{array}$$
A)$75,680
B)$82,080
C)$79,000
D)$85,400
E)$82,320

Question

Use the following information to calculate cash paid for salaries:
$$\begin{array} { | l | r | } 
\hline \text { Salaries expense } & \$ 79,000 \
\hline \text { Salaries payable, January 1 } & 6,400 \
\hline \text { Salaries payable, December } 31 & 3,320 \
\hline
\end{array}$$
A)$75,680
B)$82,080
C)$79,000
D)$85,400
E)$82,320

Quizplus · Accepted Answer

The Answer of Use the following information to calculate cash paid for salaries:
$$\begin{array} { | l | r | } 
\hline \text { Salaries expense } & \$ 79,000 \
\hline \text { Salaries payable, January 1 } & 6,400 \
\hline \text { Salaries payable, December } 31 & 3,320 \
\hline
\end{array}$$
A)$75,680
B)$82,080
C)$79,000
D)$85,400
E)$82,320

Use the Following Information to Calculate Cash Paid for Salaries