Question
The total payroll expense was recorded as $550,775 on the income statement. The wages payable account had a beginning balance of $12,000 and an ending
The total payroll expense was recorded as $550,775 on the income statement. The wages payable account had a beginning balance of $12,000 and an ending balance of $7,500. How much cash was disbursed for payroll during the year?
A. 555,275
B. 120,000
C. 670,250
D. 546,275
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A Non-Technical Guide To International Accounting
Authors: Roger Hussey, Audra Ong
1st Edition
1946646865, 9781946646866
