Multiple Choice
A company's five-day weekly payroll of $890 is paid on Fridays.Assume that the last day of the month falls on Tuesday.Which of the following is the required adjusting entry for the month end?
A) Debit Salaries Payable $534 and credit Salaries Expense $534.
B) Debit Salaries Expense $534 and credit Salaries Payable $534.
C) Debit Unpaid Salaries $356 and credit Salaries Payable $356.
D) Debit Salaries Expense $356 and credit Salaries Payable $356.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: Profitability is best determined from cash flow
Q71: Revenue should be recognized,even when collectibility is
Q72: A revenue for which the service has
Q73: Use this information to answer the following
Q74: Use this information pertaining to Tucson Company
Q76: Which of the following conditions is not
Q77: In applying the matching rule,revenue recognition should
Q78: If a company is expected to survive,it
Q79: Net income can be used to assess
Q80: Which of the following is not a