Solved

Salaries Are $4,500 Per Week for Five Working Days and Are

Question 24

Multiple Choice

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day Fridays.The end of the month falls on a Thursday.The accountant for Dayton Company made the appropriate accrual adjustment and posted it to the ledger.The balance of Salaries Payable,as shown on the adjusted trial balance,will be a ________.(Assume that there was no beginning balance in the Salaries Payable account. )


A) credit balance of $3,600
B) debit balance of $900
C) debit balance of $3,600
D) credit balance of $900

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions