A review of the ledger of Rich Tech Company on November 30, 2021, produces the following...

 

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A review of the ledger of Rich Tech Company on November 30, 2021, produces the following data pertaining to the preparation of annual adjusting entries. The company's fiscal year ends on November 30. Salaries and wages payable balance is $0. There are ten employees. Salaries and wages are paid every Friday for the current week. Seven employees receive $800 per week, and three employees earn $550 per week. November 30 is a Tuesday. Employees work five days in a week. Which of the following is correct on November 30? A) Credit Salaries Payable $3360 B) Debit Salaries Expense $3360 C) Credit Salaries Payable $4350 D) Debit Salaries Expense $6630 00 DBAU А A review of the ledger of Rich Tech Company on November 30, 2021, produces the following data pertaining to the preparation of annual adjusting entries. The company's fiscal year ends on November 30. Salaries and wages payable balance is $0. There are ten employees. Salaries and wages are paid every Friday for the current week. Seven employees receive $800 per week, and three employees earn $550 per week. November 30 is a Tuesday. Employees work five days in a week. Which of the following is correct on November 30? A) Credit Salaries Payable $3360 B) Debit Salaries Expense $3360 C) Credit Salaries Payable $4350 D) Debit Salaries Expense $6630 00 DBAU А

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