Multiple Choice
Pattie's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: 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
Q23: If a company is using the accrual
Q49: In the case of a prepaid expense,the
Q51: A business acquires equipment for $140,000 on
Q86: Accrued revenue is revenue that:<br>A) has been
Q88: Chelsea Services Company pays its staff their
Q91: Prepare a statement of owner's equity for
Q98: A business pays its employees' monthly salaries
Q99: The accountant for Noble Jewelry Repair Services
Q120: The accountant for Noble Jewelry Repair Services
Q152: In accounting,depreciation is the:<br>A) method of spreading