Wages Payable Wages Expense Bal. 7,175 Bal. 73,250
Determine the amount of wages paid during the month.
Answer:
$66,075 ($73,250 – $7,175)
Ex 3-14 Determining wages paid
The wages payable and wages expense accounts at May 31, after adjusting entries have been posted at the end of the first month of operations, are shown in the following T accounts:
Wages Payable Wages Expense Bal. 7,175 Bal. 73,250
Determine the amount of wages paid during the month.
Answer:
$66,075 ($73,250 – $7,175)
Wages Payable Wages Expense Bal. 7,175 Bal. 73,250
Determine the amount of wages paid during the month.
Answer:
$66,075 ($73,250 – $7,175)