A company's five-day weekly payroll of $980 is paid on Fridays. Assume that the last day of the month falls on Wednesday. Which of the following is the required adjusting entry for the month end?
a. Debit Salaries Payable $588 and credit Salaries Expense $588.
b. Debit Salaries Expense $588 and credit Salaries Payable $588.
c. Debit Unpaid Salaries $588 and credit Salaries Payable $588.
d. Debit Salaries Expense $392 and credit Salaries Payable $392.
B
You might also like to view...
An agency's rule-making power is derived from:
A. executive order B. an institutional charter issued by either the Secretary of State of the United States government or the Secretary of State of the particular state in which the agency is to exercise its investigative and adjudicatory powers. C. the enabling legislation enacted by Congress for the creation of the agency. D. judicial fiat
Credibility of the information being presented can be established by
a. using quotes. b. using statistics. c. using personal examples. d. listing or mentioning the sources
Management's risk assessment process should be performed only by senior-level management
a. True b. False Indicate whether the statement is true or false
There is a growing body of evidence that suggests that women are at a disadvantage in negotiations as compared to male negotiators. The nature of this disadvantage may occur in
A. receiving worse outcomes in similar negotiations than males. B. All of these options are true. C. being treated differently before and during negotiations than men. D. being penalized when they use the same negotiation tactic that males use successfully.