Kelly Corp.reported the following information for 2016 and 2017. $\begin{array}{lr}
\text { Sal aries payable, December } 31,2016 & \$ 3,700 \
\text { Salaries payable, December } 31,2017 & 1,800 \
\text { Salaries expense-2017 } & 57,000
\end{array}$ How much cash was paid for salaries during 2017?
A) $55,100
B) $55,200
C) $57,000
D) $58,900

Question

Quizplus · Accepted Answer

To calculate the cash paid for salaries during 2017, we use the formula: Cash paid = Salaries expense + Beginning Salaries Payable - Ending Salaries Payable. Plugging in the numbers: Cash paid = $57,000 + $3,700 - $1,800 = $58,900.

Kelly Corp How Much Cash Was Paid for Salaries During 2017? A)

Kelly Corp How Much Cash Was Paid for Salaries During 2017?
A)