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The Amounts Found in the Salaries Payable Account for NovaLights

Question 130

Multiple Choice

The amounts found in the Salaries Payable account for NovaLights Company were $13,200 and $15,800 on December 31, 2010 and December 31, 2011, respectively. Cash paid to employees for the years ended December 31, 2010 and December 31, 2011 was $237,000 and $274,000, respectively. NovaLights Company's Salary Expense for the year ended December 31, 2011, was:


A) $239,600.
B) $234,400.
C) $271,400.
D) $276,600.

Correct Answer:

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