A company had wage expense of $750,000 during a given period.Compute cash paid for wages during this period given the following data.
$$\begin{array} { | l | c | c | }
\hline & \begin{array} { c }
\text { Beginning } \
\text { Balance }
\end{array} & \begin{array} { c }
\text { Ending } \
\text { Balance }
\end{array} \
\hline \text { Wages Payable } & \$ 100,000 & \$ 25,500 \
\hline
\end{array}$$
A)$750,000
B)$675,500
C)$824,500
D)$74,500
E)$125,500

Question

A company had wage expense of $750,000 during a given period.Compute cash paid for wages during this period given the following data.
$$\begin{array} { | l | c | c | } 
\hline & \begin{array} { c } 
\text { Beginning } \
\text { Balance }
\end{array} & \begin{array} { c } 
\text { Ending } \
\text { Balance }
\end{array} \
\hline \text { Wages Payable } & \$ 100,000 & \$ 25,500 \
\hline
\end{array}$$
A)$750,000
B)$675,500
C)$824,500
D)$74,500
E)$125,500

Quizplus · Accepted Answer

The cash paid for wages is calculated as: Wage Expense + Beginning Wages Payable - Ending Wages Payable = $750,000 + $100,000 - $25,500 = $824,500.

A Company Had Wage Expense of $750,000 During a Given