11. A company reported Salaries and Wages Payable of $770 at the beginning of th
ID: 2465097 • Letter: 1
Question
11.
A company reported Salaries and Wages Payable of $770 at the beginning of the year and $2,540 at the end of the year. The income statement for the year reported Salaries and Wages Expense of $56,600. How much cash was paid for salaries and wages during the year?
A) $54,060
B) $54,830
C) $53,290
D) $56,600
A company reported Salaries and Wages Payable of $770 at the beginning of the year and $2,540 at the end of the year. The income statement for the year reported Salaries and Wages Expense of $56,600. How much cash was paid for salaries and wages during the year?
Explanation / Answer
A company reported Salaries and Wages Payable of $770
($2,540) at the end of the year.
The income statement for the year reported Salaries and Wages Expense of $56,600.
cash was paid for salaries and wages during the year=$54,830
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