Multiple Choice
Employees earn $5,000 per day, work five days per week, Monday through Friday, and get paid every Friday.If the previous payday was January 26 and the accounting period ends on January 31, what amount is the ending balance in the wages payable account?
A) $ 9,000
B) $10,000
C) $15,000
D) $25,000
Correct Answer:

Verified
Correct Answer:
Verified
Q29: The payment of accounts payable results in
Q39: All of the following statements are true
Q61: If a company purchases $3,200 worth of
Q107: The solution to this problem requires time
Q112: U.S.standards do not require a classified balance
Q117: In 2015, Boone, Inc.sold 1,000 carpets for
Q129: Income taxes payable are recognized as an
Q141: A bank loaned Darden Company $10,000 on
Q147: An obligation that involves an existing condition
Q182: The solution to this problem requires time