Answer:
C. $264,000
Explanation:
The computation of the amount of cash paid for salaries is shown below
= Opening balance of salaries payable + salary expense - closing balance of salaries payable
= $40,000 + $239,000 - $15,000
= $264,000
Hence, the amount of cash paid for salaries is $264,000
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
