A Company Had Wage Expense of $750,000 During a Given

question 156

Multiple Choice

A company had wage expense of $750,000 during a given period.Compute cash paid for wages during this period given the following data.
$$\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Beginning } \\\text { Balance }\end{array} & \begin{array} { c } \text { Ending } \\\text { Balance }\end{array} \\\hline \text { Wages Payable } & \$ 100,000 & \$ 25,500 \\\hline\end{array}$$

• A)$750,000
• B)$675,500
• C)$824,500
• D)$74,500
• E)$125,500

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