Use the following information to calculate cash paid for salaries: Salaries expense $ 189,000 Salaries payable, January 1 34,000 Salaries payable, December 31 19,000 Answer: A. $155,000. B. $204,000. C. $174,000. D. $189,000. E. $136,000.

Use the following information to calculate cash paid for salaries: Salaries expense $ 189,000 Salaries payable, January 1 34,000 Salaries payable, December 31 19,000 Answer: A. $155,000. B. $204,000. C. $174,000. D. $189,000. E. $136,000.

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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Question

Use the following information to calculate cash paid for salaries:

Salaries expense	$ 189,000
Salaries payable, January 1	34,000
Salaries payable, December 31	19,000

Answer:

A. $155,000.

B. $204,000.

C. $174,000.

D. $189,000.

E. $136,000.

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