Struggling with this question: The balances of two wages accounts at Oct. 31, after adjustments at the end of the first year operations, are wages…

Published by admin at September 8, 2023

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Struggling with this question:

The balances of two wages accounts at Oct. 31, after adjustments at the end of the first year operations, are wages payable, $11,900, and wages expense, $825,000. Determine the amount of wages paid during the year.

Apparently the correct answer is the amount of wages paid during the year is $825,000. How do we know that though?

Struggling with this question: The balances of two wages accounts at Oct. 31, after adjustments at the end of the first year operations, are wages…

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