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How much would be reported as wages expense

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Question - The Wrinkly Hairdressing Salon uses cash accounting. During 20x5, on the statement of financial performance, $41,000 in wages paid was reported. At year end 20x5 wages wing but unpaid were $2,400. If the salon changed to accrual accounting. How much would be reported as wages expense for 20x5?

a. 38,600

a. 41,000

b. 43,400

c. 42,600

d. None of the above

Reference no: EM132538036

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