Kelly Corp.reported the following information for 2017 and 2018.$\begin{array}{lr}
\text { Salaries payable, December } 31,2017 & \$ 3,700 \
\text { Salaries payable, December } 31,2018 & 1,800 \
\text { Salaries expense-2018 } & 57,000
\end{array}$ How much cash was paid for salaries during 2018?

A)$55,100
B)$55,200
C)$57,000
D)$58,900

Question

Kelly Corp.reported the following information for 2017 and 2018.$\begin{array}{lr}
\text { Salaries payable, December } 31,2017 & \$ 3,700 \
\text { Salaries payable, December } 31,2018 & 1,800 \
\text { Salaries expense-2018 } & 57,000
\end{array}$ How much cash was paid for salaries during 2018?

A)$55,100
B)$55,200
C)$57,000
D)$58,900

Quizplus · Accepted Answer

The cash paid for salaries during 2018 can be calculated by adjusting the salaries expense for the change in salaries payable. The calculation is as follows: Salaries expense for 2018 ($57,000) + Decrease in salaries payable ($3,700 - $1,800 = $1,900) = $58,900.

Kelly Corp How Much Cash Was Paid for Salaries During 2018?