A Company Reported the Following Amounts of Wages Payable at the Beginning

question 44

Multiple Choice

A company reported the following amounts of wages payable at the beginning and the end of the year 2010:
Wages payable, January 1, 2010 $750
Wages payable, December 31, 2010 $2,500
The income statement for 2010 reported Wages Expense of $56,200. How much cash was paid for wages during 2010?

• A) $52,950
• B) $56,200
• C) $54,450
• D) $53,700