Solved: During the month the company paid out 70000 cash for wages, Accounting Basics

+44 141 628 6080
[email protected]

During the month the company paid out 70000 cash for wages

Question - A company's Wages Payable account had a beginning balance of $12,000. During the month, the company paid out $70,000 cash for wages. The account had an ending balance of $23,000. What was recorded as Wage Expense during the period?

A. $81,000

B. $59,000

C. $35,000

D. $93,000

E. $47,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: During the month the company paid out 70000 cash for wages

Reference No:- TGS02915919

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Summarize commonalities and differences to three procurement

In this assignment, you will summarize the commonalities and differences to three procurement considerations.

What is true about paid media

Which of the following is true about paid media? a. The promotional messages are not directly generated by the company or brand.

Which is not a definition of mental availability

Which of the following is not a definition of mental availability? a. knowing that the brand exists in the market. b. likelihood to think of a brand

What strategy use to display data for accessories category

What strategy would you use to display the data for the Accessories category? You can write DAX logic to group products for visualization.

Purchasing a package based on a cursory comparison

He purchased a package based on a cursory comparison of other brands on the shelf. What kind of a purchase was made by him?

What is the important aspect of sponsorship assessment

Question: Which of the following is an important aspect of sponsorship assessment? Group of answer choices

Prepare and deliver a special occasion speech

For this assignment, please prepare and deliver a 3-5-minute special occasion speech. It will need an introduction, body and conclusion and can have 2-4 main

Solution Preview :

Prepared by a verified Expert

Accounting Basics: During the month the company paid out 70000 cash for wages

Reference No:- TGS02915919

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What according to you were the reasons for arshads

Q : Sept 1 the owner invested 10000 into the business in

Q : You make steering wheels for tesla using kanban cards to

Q : Describe briefly a particular case it can be based on a

Q : During the month the company paid out 70000 cash for wages

Q : As you work on the improvement of software program project

Q : In answering the assignment you must use a 12 size font

Q : During october a firm had the following transactions

Q : The aim of this major assignment is to give you the