Connect .> C Secure ! https://newconnect.mheducation.com/flow/connect.html Ch. 2

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Connect .> C Secure ! https://newconnect.mheducation.com/flow/connect.html Ch. 21 - Brief Exercises (60 minutes) Help Save & Exlt Submlt Saved 3 Check my work 4 Brief Exercise 21-4 Determine cash paid to employees [LO21-3] Sherriane Baby Products' salaries expense was $15.8 million. What is the amount of cash Sherriane paid to employees during the reporting period if its salaries payable increased by $8.4 8.33 points million? Prepare a summary entry that represents the net effect of salaries expense incurred and paid during the reporting period eBook References Complete this question by entering your answers in the tabs below General Journal Cash Paid What is the amount of cash Sherriane paid to employees during the reporting period if its salaries payable increased by $8.4 million? (Enter your answer in millions rounded to 1 decimal place (l.?., 5,500,000 should be entered as 5.5).) ash million Cash Paid General Journal> Mc Graw Hill ?Prey 4 or 12? Next > ^??41)) 4/29/2018 2-29 PM

Explanation / Answer

Calculate cash paid on salary :

Cash paid on salary = Salary expense-Increase salary payable

= 15.80-8.40

Cash paid on salary = 7.40 million

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