The following information is available regarding a company’s annual salaries and wages. What amount of cash is paid for salaries and wages? Salaries and wages expense . . . . . . . . . . . . . . . . . . . . $255,000 Salaries and wages payable, prior year-end . . . . . . . . 8,200 Salaries and wages payable, current year-end . . . . . . 10,900 a. $252,300 c. $255,000 e. $235,900 b. $257,700 d. $274,100

Question

The following information is available regarding a company’s
annual salaries and wages. What amount of cash is
paid for salaries and wages? Salaries and wages expense . . . . . . . . . . . . . . . . . . . . $255,000
Salaries and wages payable, prior year-end . . . . . . . . 8,200
Salaries and wages payable, current year-end . . . . . . 10,900 a. $252,300 c. $255,000 e. $235,900
b. $257,700 d. $274,100

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