At the end of 20X3, Company Y had accrued $4,500 in salaries expense. The company's beginning and ending Salaries Payable balances were $15,000 and $17,500, respectively. 1. How much cash did Company Y pay on its Salaries Payable? 2. If the ending Salaries Payable balance had been $13,200, how much cash would the company have paid on the account?

At the end of 20X3, Company Y had accrued $4,500 in salaries expense. The company's beginning and ending Salaries Payable balances were $15,000 and $17,500, respectively. 1. How much cash did Company Y pay on its Salaries Payable? 2. If the ending Salaries Payable balance had been $13,200, 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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