General accounting The Ames Corporation reports salary expense of $875,000.During that period of time, the salary payable balance roseby $39,000. How much cash did the company pay itsemployees this period?

Step 1: Define ExpensesExpenses are incurred by a business in order to generate revenues and as per…

Answered: The Ames Corporation reports salary…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 5PB

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The Ames Corporation reports salary expense of $875,000. During that period of time, the salary payable balance rose by $39,000. How much cash did the company pay its employees this period?