Question: Salaries are $6,500 per week for five working days and are paid weekly at the end of the day on Fridays. The end of the
Salaries are $6,500 per week for five working days and are paid weekly at the end of the day on Fridays. The end of the month falls on a Thursday. The accountant for Sunset, Inc. made the appropriate accrual adiustment and posted it to the ledger. The balance of Salaries Payable, as shown on the adjusted trial balance, will be a balance in the Salaries Payable account.) (Assume that there was no beginning A. credit balance of $1,300 B. debit balance of $1,300 C. debit balance of $5,200 D. credit balance of $5,200
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
