CERISE Company uses accrual basis of accounting. Wages expense account had a balance of $255,000 at year end. The wages payable account had a #11,500 and $22,500 beginning and ending balance, respectively.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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How much cash was paid for wages during the year?

CERISE Company uses accrual basis of accounting. Wages expense account had a balance of $255,000 at
year end. The wages payable account had a #11,500 and $22,500 beginning and ending balance,
respectively.
Transcribed Image Text:CERISE Company uses accrual basis of accounting. Wages expense account had a balance of $255,000 at year end. The wages payable account had a #11,500 and $22,500 beginning and ending balance, respectively.
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