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What the cash paid for salaries and wages was

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The income statement of Dolan Corporation for 2014 included the following items:

Interest revenue$ 121,000

Salaries and wages expense 180,000

Insurance expense 18,200

The following balances (all normal balances) have been excerpted from Thompson Corporation's balance sheets:

                                   December 31, 2014           December 31, 2013

Interest receivable                    $ 18,200              $ 15,000

Salaries and wages payable          17,800               8,400

Prepaid insurance                         2,200             3,000

Problem 1: The cash paid for salaries and wages during 2014 was

a.$170,600.

b.$189,400.

c.$197,800.

d.$171,600.

Reference no: EM132837049

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