On January 1, 2022, Vertex Solutions Inc. reported Wages Payable of $18,000. Wages Expenses for 2022 totalled $420,000. The ending balance of Wages Payable on December 31, 2022 was $25,000. What is the amount of cash paid for wages in 2022? a) $420,000 b) $413,000 c) $410,000 d) $395,000

On January 1, 2022, Vertex Solutions Inc. reported Wages Payable of $18,000. Wages Expenses for 2022 totalled $420,000. The ending balance of Wages Payable on December 31, 2022 was $25,000. What is the amount of cash paid for wages in 2022? a) $420,000 b) $413,000 c) $410,000 d) $395,000

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 9SPA

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