Question: please explain where we get 17500 whats the formula The employees of Lucid Laboratories are paid every two weeks on Friday. Total payroll is $25,000

 please explain where we get 17500 whats the formula The employees

please explain where we get 17500 whats the formula

The employees of Lucid Laboratories are paid every two weeks on Friday. Total payroll is $25,000 and covers 10 workdays The end of the current month falls on the second Tuesday of the pay period. What is the adjusting jounal entry to accrue payroll at the end of the month? O A. Prepaid Salaries 7,500 Salaries Payable 7,500 OB, Salaries Expense 7,500 Salaries Payable 7,500 Salaries Expense Prepaid Salaries 17,500 7,500 Salaries Payable 25,000 Salaries Expense 17.500 17,500 Salaries Payable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!