On January 1, Salaries and Wages Payable for Flagstaff Company

question 57

Multiple Choice

On January 1, Salaries and Wages Payable for Flagstaff Company equals $19,000. By the end of the current year, Wage Expense equals $345,000, and cash payments for wages were $353,200. What is the balance in the T-account, Salaries and Wages Payable, on December 31?

• A)$17,500
• B)$8,200
• C)$25,700
• D)$10,800

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