Use the following information to calculate cash paid for salaries: $\begin{array}{|l|r|}
\hline \text { Salaries expense } & \$ 79,000 \
\hline \text { Salaries payable, January 1 } & 6,400 \
\hline \text { Salaries payable, December } 31 & 3,320\
\hline
\end{array}$
A)$75,680
B)$82,080
C)$79,000
D)$85,400
E)$82,320

Question

Quizplus · Accepted Answer

Cash paid for salaries is calculated as Salaries Expense plus beginning Salaries Payable minus ending Salaries Payable: $79,000 + $6,400 - $3,320 = $82,080.

Use the Following Information to Calculate Cash Paid for Salaries