During the year, Tech Innovators Inc. had its Salaries Payable account decrease by $4,500. If the SalaryExpense amounted to $195,000 for the year, the cash paid to employees (including deductions fromgross pay) is:A) $199,500B) $190,500C) $195,000D) $189,500

Step 1: Define Accrued Expenses:Accrued expenses are expenses incurred but not yet accounted for and…

Answered: During the year, Tech Innovators Inc.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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During the year, Tech Innovators Inc. had its Salaries Payable account decrease by $4,500. If the Salary Expense amounted to $195,000 for the year, the cash paid to employees (including deductions from gross pay) is: A) $199,500 B) $190,500 C) $195,000 D) $189,500