The wages payable and wages expense accounts at May 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
| Bal. 7,175
Wages Expense
Bal. 73,250 |
Determine the amount of wages paid during the month.
Answers:
$66,075 ($73,250 – $7,175)