The wages payable account showed an opening balance of $27 000 and a closing balance of $42 000. Wages expense was $590 000. What was the cash payment for wages?

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The cash payment for wages can be calculated by adjusting the wages expense for the change in the wages payable account. The opening balance of the wages payable account was $27,000 and the closing balance was $42,000, indicating an increase of $15,000 in the liability. Therefore, the cash payment for wages is the wages expense ($590,000) minus the increase in wages payable ($15,000), which equals $575,000.

The Wages Payable Account Showed an Opening Balance of $27