Use the following information to calculate cash paid for wages and salaries: $$\begin{array} { | l | r | }
\hline \text { Salaries expense } & \$ 168,000 \
\hline \text { Salaries payable, Jaruary 1 } & 6,400 \
\hline \text { Salaries payable, Decerrber } 31 & 10,600 \
\hline
\end{array}$$

Question

Use the following information to calculate cash paid for wages and salaries: $$\begin{array} { | l | r | } 
\hline \text { Salaries expense } & \$ 168,000 \
\hline \text { Salaries payable, Jaruary 1 } & 6,400 \
\hline \text { Salaries payable, Decerrber } 31 & 10,600 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The 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