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?
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Question & Answer: Karla Corporation's salaries expense for 2016 was $136,000. Accrued salaries payable on December 31, 2016, was $1…..
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CALCULATE CASH PAID FOR SALARIES :
AMOUNT | |
Salaries expenses | 136000 |
Less: Increase in salary payable (17800-8400) | (9400) |
Cash paid for salaries during 2016 | 126600 |