Solved

A Company Recorded 2 Days of Accrued Salaries of $1,400

Question 59

Multiple Choice

A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming reversing entries were not made, the January 31 and February 9 journal entries are:

A) A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming reversing entries were not made, the January 31 and February 9 journal entries are: A) B) C) D) E)
B) A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming reversing entries were not made, the January 31 and February 9 journal entries are: A) B) C) D) E)
C) A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming reversing entries were not made, the January 31 and February 9 journal entries are: A) B) C) D) E)
D) A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming reversing entries were not made, the January 31 and February 9 journal entries are: A) B) C) D) E)
E) A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming reversing entries were not made, the January 31 and February 9 journal entries are: A) B) C) D) E)

A Company Recorded 2 Days of Accrued Salaries of $1,400

Multiple Choice

Correct Answer:VerifiedUnlock this answer nowGet Access to more Verified Answers free of chargeAccess For Free

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