A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the...
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Accounting
A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the year, wages payable decreased from an $18,000 beginning balance to a $13,200 ending balance, and prepaid insurance decreased from a $90,000 beginning balance to a $54,000 ending balance. How much cash was paid to employees as wages and paid for insurance during the year?
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