Multiple choice

25). Anthony Delivery Service has a weekly payroll of $34,000, December 31 falls on Tuesday and Anthony will pay its employees the following Monday January 6) for the previous full week. Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expenseof $925,000 at and posted? December 31. What is the December 31 balance of Salaries Expense after adjusting entries are recorded A) $945,400 B) $925,000 C) $959,000 D) $938,600 26). On January 1, 2017, the Accounts Receivable of Martha Company had a debit balance of $190,000, During January, the company provided services for $400,000 on account, Also, the company collected $240,000 from its customers on account in January, What was the ending balance in tile Accounts Receivable account at the end of January? A) $350,000 B) $160,000 C) $400,000 D) $590,000 27). Athens Delivery Service is hired on October 31, 2018 to perform services, beginning on November 1, 2018, The delivery services will be performed at a rate of $3,300 per month, Athens' fiscal year ends on December 31. What amount of service revenue should be recorded as an adjusting entry on December 31, 2018? D) O A) $9,900 B) $6,600 C) $3,300 28). The financial statement that reports assets, liabilities, and owner's equity as of the last day of the period is called the A) unadjusted trial balance B) balance sheet D) statement of owner's equity C) income statement 29). Salaries Payable, Accounts Payable, and Unearned Revenue are examples of B) long-term liabilities A) fixed assets D) short-term investments C) current liabilities