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Question 1: The financial statements of Gregg Co. reported wages expense of $364,000 during Year 2, wages payable of $49,600 at the end of Year 1, and wages payable of $68,200 at the end of Year 2. What amount of cash was paid for wages during Year 2
Option 1: $345,400
Option 2: $314,400
Option 3: $413,600
Option 4: $364,000
SJO Office Supplies recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation.
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