Cash Paid for Wages? On January 1, 2025, Wages Payable was$47,000. Wages Expenses for 2025 totaled$453,000. The ending balance of WagesPayable was $59,000.What is the amount of cash paid for wagesin 2025?

To calculate the cash paid for wages in 2025, we need to consider how wage expense and wages payable…

Answered: On January 1, 2025, Wages Payable was…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 1PA: On January 1, 2018, King Inc. borrowed $150,000 and signed a 5-year, note payable with a 10%...

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On January 1, 2025, Wages Payable was $47,000. Wages Expenses for 2025 totaled $453,000. The ending balance of Wages Payable was $59,000. What is the amount of cash paid for wages in 2025?