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29.Rice Company's salaried employees are paid biweekly. Advances made to employees are paid back by payroll deductions. Information relating to salaries follows: 12/31/2001 12/31/2002 Employees

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29.Rice Company's salaried employees are paid biweekly. Advances made to employees are paid back by payroll deductions. Information relating to salaries follows: 12/31/2001 12/31/2002 Employees advances 240,000 360,000 Accrued salaries payable 400,000 ? Salaries expense during the year 4,200,000 Salaries paid during the year (gross) 3,900,000 In Rice's December 31, 2002 balance sheet, accrued salaries payable was (a) P940,000 (b) P820,000 (c) P700,000 (d) P300,000C

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