A company has salaries expense of $250,000 for the year. During the year salaries payable increased $25,000.

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A company has salaries expense of $250,000 for the year. During the year salaries payable increased $25,000. Cash also decreased $40,000.
Required
Determine the amount of cash paid for salaries during the year.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 04:57 AM

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A company has salaries expense of $250,000 for the year. During the year salaries payable increased $25,000.

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Financial ACCT2

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