Multiple Choice
Anthony Delivery Service has a weekly payroll of $35,000. December 31 falls on Tuesday and Anthony will pay its employees the following Monday (January 6) for the previous full week. Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $885,000 at December 31. What is the December 31 balance of Salaries Expense after adjusting entries are recorded and posted?
A) $885,000
B) $920,000
C) $906,000
D) $899,000
Correct Answer:
Verified
Correct Answer:
Verified
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