Calculate amount of wages paid during the year, Accounting Basics

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Calculate amount of wages paid during the year

Response to the following problem:

The balances of the two wages accounts at December 31, after adjustments at the end of the first year of operations, are Wages Payable, $9,175, and Wages Expense, $565,000. Determine the amount of wages paid during the year.

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Accounting Basics: Calculate amount of wages paid during the year

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Accounting Basics: Calculate amount of wages paid during the year

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