Plano Drug Store paid $137,000 in salaries during 20X1. Salary expense for the year was $148,500 and
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Question:
Plano Drug Store paid $137,000 in salaries during 20X1. Salary expense for the year was $148,500 and salaries payable at the end of 20X1 amounted to $17,300. What was the amount of salaries payable as of January 1, 20X1?
Group of answer choices
$11,500
$28,800
$5,800
$17,300
Expert Answer:
Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
Posted Date:
