XXX Hospital's 20X2 statement of operations reports salaries and wages expense of $699,400. The hospital's...
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Accounting
XXX Hospital's 20X2 statement of operations reports salaries and wages expense of $699,400. The hospital's balance sheets include the following accounts:
12/31/X1 Accrued salaries and wages payable $41,600
12/31/X2 Accrued salaries and wages payable 38,400
What was the amount of salaries and wages actually paid in cash during 20X2? Please explain.
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