Wages Payable Were $350 at the End of October and $280

question 139

Multiple Choice

Wages Payable were $350 at the end of October and $280 at the end of November.Wages Expense for November was $1,800.How much cash was paid for wages during November?

• A) $1,730
• B) $2,430
• C) $1,870
• D) $1,170

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Definitions:

Limited Partnership

A form of partnership consisting of one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners who are liable only up to the amount they invest.

Limited Liability Partnership

is a partnership in which some or all partners have limited liabilities, protecting each partner's personal assets from debts and liabilities of the partnership.

Professional Partnership

A business organization formed by two or more professionals, such as lawyers or doctors, to provide services within their expertise.

Officers

Individuals appointed or elected to manage and direct the affairs of an organization, corporation, or governmental entity.