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Determine the amounts paid for wages and interest

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The Weinbaum Corporation had beginning and ending balances of $40,000 and $30,000, respectively, in its Wages Payable account during 19X1, and wages expense of $60,000 on its income statement. It also had in its Interest Payable account a beginning balance of $100,000, an ending balance of $125,000, and interest expense of $50,000. Determine the amounts paid for wages and interest.

Reference no: EM13513421

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