Blanton Inc. salaries and wages expenses are $453,600 during the year and the beginning and ending...
Blanton Inc. salaries and wages expenses are $453,600 during the year and the beginning and ending balances of salaries and wages payable are $19,800 and $18,300, respectively, the cash paid to employees is:
a. $453,600
b. $435,300
c. $455,100
Homework Answers
Ending salaries and wages payable=Beginning salaries and wages payable+salaries and wages expenses during the year -cash paid to employees
18300=19800+453600-cash paid to employees
cash paid to employees=19800+453600-18300
=$455100
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