Question

White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages expense was $15,188. How much did White pay in cash during the year for wages

Answer 1

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered