Use the following information to calculate cash paid for salaries: $\begin{array}{l|r}
\text { Salaries expense } & \$ 175,000 \
\hline \text { Salaries payable, January } 1 & 20,000 \
\hline \text { Salaries payable, December } 31 & 12,000
\end{array}$
A)$183,000.
B)$175,000.
C)$143,000.
D)$167,000.
E)$155,000.

Question

Quizplus · Accepted Answer

The cash paid for salaries is calculated as: Salaries Expense + Beginning Salaries Payable - Ending Salaries Payable = $175,000 + $20,000 - $12,000 = $183,000.

Use the Following Information to Calculate Cash Paid for Salaries