Explain the amount of cash paid to employees for salaries, Accounting Basics

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Explain the amount of cash paid to employees for salaries

During 2004, XYZ Company recorded salaries expense of $85,000. Thesalaries payable account at January 1st had a balance of $11,000while the salaries payable account at December 31st had a balanceof $8,000. The amount of cash paid to employees for salaries during 2004 was equal to:

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Accounting Basics: Explain the amount of cash paid to employees for salaries

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Accounting Basics: Explain the amount of cash paid to employees for salaries

Reference No:- TGS0722482

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain the amount of cash paid to employees for salaries

Reference No:- TGS0722482

Recent Questions Asked Accounting Basics

Q : Organize an upcoming movie night

Q : Does anyone know why the interest coverage

Q : Mean of distribution

Q : Average annual food price index using exponential smoothing

Q : Explain the amount of cash paid to employees for salaries

Q : How far from the end of the ramp does the skateboarder touch

Q : Expected number of parts retrieved until the first defective

Q : Change in the thickness of the slits

Q : Effectiveness of a new medication

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