Question & Answer: Karla Corporation's salaries expense for 2016 was $136,000. Accrued salaries payable on December 31, 2016, was $1…..

Karla Corporation’s salaries expense for 2016 was $136,000. Accrued salaries payable on December 31, 2016, was $17,800 and $8400 on December 31, 2015. The cash paid for salaries during 2016 was?

Expert Answer

 

Don't use plagiarized sources. Get Your Custom Essay on
Question & Answer: Karla Corporation's salaries expense for 2016 was $136,000. Accrued salaries payable on December 31, 2016, was $1…..
GET AN ESSAY WRITTEN FOR YOU FROM AS LOW AS $13/PAGE
Order Essay

CALCULATE CASH PAID FOR SALARIES :

AMOUNT
Salaries expenses 136000
Less: Increase in salary payable (17800-8400) (9400)
Cash paid for salaries during 2016 126600

Still stressed from student homework?
Get quality assistance from academic writers!