Use the following information to calculate cash paid for salaries: $$\begin{array} { | l | r | }
\hline \text { Salaries expense } & \$ 79,000 \
\hline \text { Salaries payable, Jaruary 1 } & 6,400 \
\hline \text { Salaries payable, December } 31 & 3,320 \
\hline
\end{array}$$

Question

Use the following information to calculate cash paid for salaries: $$\begin{array} { | l | r | } 
\hline \text { Salaries expense } & \$ 79,000 \
\hline \text { Salaries payable, Jaruary 1 } & 6,400 \
\hline \text { Salaries payable, December } 31 & 3,320 \
\hline
\end{array}$$

Quizplus · Accepted Answer

To calculate cash paid for salaries, adjust the salaries expense by the change in salaries payable: $79,000 + $6,400 - $3,320 = $82,080.

Use the Following Information to Calculate Cash Paid for Salaries