Sky Corporation's salaries expense for 2012 was $136,000.Accrued salaries payable on December 31,2013,was $17,800 and $8,400 on December 31,2012.The cash paid for salaries during 2013 was
A) $126,600.
B) $127,600.
C) $145,400.
D) $153,800.

Question

Quizplus · Accepted Answer

Salaries expense for 2013 = $136,000 + ($17,800 - $8,400) = $145,400. Cash paid for salaries during 2013 = $145,400 - $17,800 = $127,600.

Sky Corporation's Salaries Expense for 2012 Was $136,000