Question: Please provide the solution to this general accounting question using proper accounting principles. During the year 2024, a company named Wolverine Textiles paid cash for

Please provide the solution to this general accounting question using proper accounting principles.

Please provide the solution to this general
During the year 2024, a company named Wolverine Textiles paid cash for their employees' salaries amounting to $95,300. The year-end balances in the salaries payable account were $30,000 at December 31, 2023 and $33,000 at December 31, 2024. Determine the amount of "Salary Expense' the company would report on its 2024 Income Statement: a) $92,300 b) $98,300 c) $91,300 d) $96,300

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