Question: Salaries are $5,000 per week for five working days and are paid weekly at the end of the day Fridays. The end of the month

Salaries are $5,000 per week for five working days and are paid weekly at the end of the day Fridays. The end of the month falls on a Thursday. The accountant for Dayton Company made the appropriate accrual adjustment and posted it to the ledger. The balance of Salaries Payable, as shown on the adjusted trial balance, will be a .. (Assume that there was no beginning balance in the Salaries Payable account.) OA. debit balance of $4,000 O B. debit balance of $1,000 OC. credit balance of $1,000 OD. credit balance of $4,000
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
