Multiple Choice
Pattie's Event Planning Service has just prepared the unadjusted trial balance,which shows the following balances: Salary expense: Debit
Service revenues: Credit
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.Patti 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) credit balance of $1,600.
B) credit balance of $3,600.
C) debit balance of $3,600.
D) credit balance of $400.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The table below represents Able Company's
Q11: Which of the following reports a company's
Q12: The revenue principle guides accountants in which
Q13: Hank's Tax Planning Service bought communications equipment
Q14: Which of the following accounts would be
Q16: A contra account has two characteristics: (1)a
Q17: The table below represents Able Company's
Q18: The accountant for Hobson Electrical Repair Company
Q19: If a company is using the cash-basis
Q20: Smith owns manufacturing equipment that originally cost