At the end of 20x2 Company X had accrued $3,000 in salaries expense. The company's beginning and ending Salaries Payable balances were $12,000 and $14,000, respectively. How much cash did Company X pay on its Salaries Payable? If the ending salaries payable balance had been $10,500, how much cash would the company have paid on the account?

At the end of 20x2 Company X had accrued $3,000 in salaries expense. The company's beginning and ending Salaries Payable balances were $12,000 and $14,000, respectively. How much cash did Company X pay on its Salaries Payable? If the ending salaries payable balance had been $10,500, how much cash would the company have paid on the account?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 6RE: Suppose that Blake Companys total pretax difference from a change to FIFO was 100,000 and the...

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