Multiple Choice
Pattie's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: Salary expense: Debit $6 000 Service revenues: Credit $20 000 Interest expense: 0
Pattie's salaries are $2 000 per week and are paid out at the end of the day on Fridays. The end of the month falls on a Thursday. Pattie will make the appropriate accrual adjustment and post to the ledger. The final adjusted balance of Salary payable, as shown on the adjusted trial balance, will be a:
A) debit balance of $3 600.
B) credit balance of $1 600.
C) credit balance of $400.
D) credit balance of $3 600.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Overstating expenses could be an unethical strategy
Q65: The adjusting entry to record Depreciation expense
Q66: ABC Company signed a one- year $12
Q67: Which of the following reports a company's
Q69: Which of the following accounts would NOT
Q71: Which of the following accounts would be
Q72: If a company is using the cash-
Q73: ABC Company signed a one- year $12
Q75: Accrued revenue is revenue that:<br>A)will be collected
Q156: In the case of a prepaid expense,the