The amounts found in the Salaries Payable account for NovaLights Company were $13,200 and $15,800 on December 31, 2007, and December 31, 2008, respectively. Cash paid to employees for the years ended December 31, 2007, and December 31, 2008, were $237,000 and $274,000, respectively. NovaLights Company's Salary Expense for the year ended December 31, 2008, was:

Question

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The salary expense for 2008 is calculated as: Beginning Salaries Payable ($13,200) + Cash Paid to Employees ($274,000) - Ending Salaries Payable ($15,800) = $276,600.

The Amounts Found in the Salaries Payable Account for NovaLights