The wages payable and wages expense accounts at January 31, after adjusting entries have
been posted at the end of the first month of operations, are shown in the following T accounts:
Wages Payable Wages Expense
Bal. 3,750 Bal. 41,250
Determine the amount of wages paid during the month.
Answer:
$37,500 = ($41,250 – $3,750)
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