Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Salaries Payable were P3,500 at the end of September and P2,800 at the end of October. Salaries Expense for October was P18,000. How much cash

Salaries Payable were P3,500 at the end of September and P2,800 at the end of October. Salaries

Expense for October was P18,000. How much cash was paid for salaries during October?

A. P18,700

B. P24,100

C. P17,300

D. P11,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Contemporary Approach

Authors: David Haddock, John Price, Michael Farina

3rd edition

77639731, 978-0077639730

More Books

Students also viewed these Accounting questions