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:

Verified
Correct Answer:
Verified
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