Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company reported annual wages expense of $348,00

A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the...

60.1K

Verified Solution

Question

Accounting

A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the year, wages payable decreased from an $18,000 beginning balance to a $13,200 ending balance, and prepaid insurance decreased from a $90,000 beginning balance to a $54,000 ending balance. How much cash was paid to employees as wages and paid for insurance during the year?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe how influenza A and HIV differ in genome composition and what this difference means for...

Biology
Q

-Trace a drop of blood through the kidney starting at the abdominal aorta and ending at...

Medical Sciences
Q

A 0.5-kg mass is attached to a spring with spring constant 2.5 N/m. The spring experiences...

Physics
Q

In 1861 Louis Pasteur observed that when yeast grows in a flask with sugar and...

Biology
Q

You want to invest 600 in stock QRS How many you own at the end...

Geometry
Q

Sonya drank 4 oz of juice and 8 oz of milk for breakfast for lunch...

Basic Math
Q

omework Part 1 of 5 O Points 0 of 1 Save Suppose that v and...

Basic Math
Q

Write an inequality to describe the following set The slab bounded by the planes y...

Calculus
Q

Balance a. Complete the materials issuances and balances for the materials subsidiary ledger under FIFO....

Accounting
Q

Astro Company designs, manufactures and sells toy rockets. The company does not design, manufacture, or...

Accounting
Q

Jack (SSN 334-09-3342) operates the Reed company as a sole proprietorship. The company has the...

Accounting
Q

12. Contributed Capital and Retained Earnings X: are owner's contributions and the firm's contributions, respectively....

Accounting