Amount of cash paid to employees for salaries

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Reference no: EM13258694

During 2004, XYZ Company recorded salaries expense of $85,000. The salaries payable account at January 1st had a balance of $11,000 while the salaries payable account at December 31st had a balance of $8,000. The amount of cash paid to employees for salaries during 2004 was equal to:

(A.) $88,000

(B.) $82,000

(C.) $77,000

(D.) $93,000

(E.) $85,000

Reference no: EM13258694

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