Alpha ended 2019 with a balance of $20 million in their salaries payable account. If their salary expense in 2019 was $90 millio

Question

bixtya [17]

2 years ago

11

Alpha ended 2019 with a balance of $20 million in their salaries payable account. If their salary expense in 2019 was $90 millio

n, what was their ending balance for salaries payable on December 31, 2018

Business

1 answer:

Svetradugi [14.3K] · Answer 1 · 2023-02-18T00:10:36+03:00

Based on the ending balance on salaries payable in 2019, and the salaries expense, the salaries payable at December 2018 must have been $30 MILLION.

<h3>What was the Salaries payable balance?</h3>

This can be found by the formula:

= Ending salaries in 2019 - Salaries expense in 2019 + Salaries paid in 2019

Solving gives:

= 20 million - 90 million + 100 million

= $30 million

In conclusion, the ending salaries payable in 2018 was $30 million.

Find out more on Salaries payable at brainly.com/question/24074240.

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