Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 3.00

wages and salaries:

I am not sure how to calculate this problem: -Use the following information to calculate cash paid for wages and salaries: Salaries Expense $168,000 Salaries Payable, Jan 1 $6,400 Salaries Payable, Dec 31 $10,600 a) $157,400 b) $163,800 c) $168,000 d) $172,200 I originally put (a) because assuming on Jan 1 they still owe $6,400 to employees, that means they paid off $161,000 of the salaries expense. Then on Dec 31 they owed $10,600 ($4,200 more than Jan 1) So i subtracted the $4,200 from the $161,000 they had paid to get $157,400 (the amount the company had paid to the customers) ... but this answer was wrong. Any help?

Answers

(5)
Status NEW Posted 26 Jul 2017 11:07 AM My Price 3.00

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