The balance in the Wages Payable account increased from $24,400 at the beginning of the month to $30,000 at the end of the month. Wages accrued during the month totaled $122,000.
A) Wages paid during the month totaled $116,400.
B) Wages paid during the month totaled $129,600.
C) Wages expense for the month totaled $116,400.
D)Wages expense for the month totaled $152,000.

Question

Quizplus · Accepted Answer

The increase in Wages Payable is $5,600 ($30,000 - $24,400). Since wages accrued were $122,000, the wages paid during the month would be $122,000 - $5,600 = $116,400.

The Balance in the Wages Payable Account Increased from $24,400