Use the reconciliation approach to compute cash paid for salaries for the Norton Corporation.The income statement reported salaries expense as $49,800.Beginning and ending salaries payable balances were $3,720 and $2,840,respectively.

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The Answer of Use the reconciliation approach to compute cash paid for salaries for the Norton Corporation.The income statement reported salaries expense as $49,800.Beginning and ending salaries payable balances were $3,720 and $2,840,respectively.

Use the Reconciliation Approach to Compute Cash Paid for Salaries