Use the following information to calculate cash paid for wages and salaries: $\begin{array}{lr}
\text { Salaries expense } & 168,000 \
\text { Salaries payable, January } 1 & 6,400 \
\text { Salaries payable, December } 31 & 10,600
\end{array}$
A) $157,400.
B) $163,800.
C) $168,000.
D) $172,200.
E) $174,400.

Question

Quizplus · Accepted Answer

Cash paid for wages and salaries is calculated as: Salaries Expense + Beginning Salaries Payable - Ending Salaries Payable = $168,000 + $6,400 - $10,600 = $163,800.

Use the Following Information to Calculate Cash Paid for Wages