I have an accounting questions. 2010 Wages exps 510K. Beg Wages Payable 23K & end of the year 45K. How much cash was paid for wages during the year?

Is the ans 488K
Or 532K

Paid:

Payable at beginning of year... 23,000
Expense for year... 510,000
Less payable end of year... (45,000)

Paid... 488,000

By your answer choices, it appears that you weren't sure how to treat the payables. The $23,000 was owed but not paid at the end of the year, but would have been paid during the year. The $45,000 was owed, but not paid.

Thank you for your help. You are correct. I was a little consused about the beg balance.