You have $500 of salaries payable at year end in 2015. You pay employees $10,000 cash...
You have $500 of salaries payable at year end in 2015. You pay employees $10,000 cash during the year in 2016. You have $600 of salaries payable at year end in 2016. What was salaries expense for 2016?
Homework Answers
Salaries expense = Ending salaries payable+Cash salaries paid-Beginning salaries payable
= 600+10000-500
Salaries expense = 10100
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You have $500 of salaries payable at year end in 2015. You pay
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