On January 1, 2015, Wages Payable was $32,000. Wages Expenses for 2015 totaled $320,000. The ending balance of Wages Payable was $44,000. What is the amount of cash paid for wages in 2015? a. $352,000 b. $320,000 c. $288,000 d. $308,000

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...
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On January 1, 2015, Wages Payable was $32,000.
Wages Expenses for 2015 totaled $320,000. The ending
balance of Wages Payable was $44,000.
What is the amount of cash paid for wages in 2015?
a. $352,000
b. $320,000
c. $288,000
d. $308,000
Transcribed Image Text:On January 1, 2015, Wages Payable was $32,000. Wages Expenses for 2015 totaled $320,000. The ending balance of Wages Payable was $44,000. What is the amount of cash paid for wages in 2015? a. $352,000 b. $320,000 c. $288,000 d. $308,000
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