4. Colson Company reported the following balances in the Wages Payable account: Jan. 1, 2020 $3,000...

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4. Colson Company reported the following balances in the Wages Payable account: Jan. 1, 2020 $3,000 Dec. 31, 2020 $6,000 Wages Payable If cash paid for wages during 2020 was $56,000, what was the wages expense reported on the 2020 income statement? A) $59,000 B) $50,000 C) $52,200 D) $61,600 4. Colson Company reported the following balances in the Wages Payable account: Jan. 1, 2020 $3,000 Dec. 31, 2020 $6,000 Wages Payable If cash paid for wages during 2020 was $56,000, what was the wages expense reported on the 2020 income statement? A) $59,000 B) $50,000 C) $52,200 D) $61,600

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Wages expense formula Wages paid outstanding wages payable ... View the full answer