Blanton Ridge,Inc.'s Salaries and Wages Expense is $900,000 during the year and the beginning and ending balances of Salaries and Wages Payable are $36,000 and $33,000,respectively,the cash paid to employees is:

Question

Quizplus · Accepted Answer

Change in salaries & wages payable = Ending balance − Beginning balance
= $33,000 − $36,000 = ($3,000)
Cash paid to employees = Salaries and wages expense + Decrease in salaries and wages payable
= $900,000 + $3,000 = $903,000