Question
A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that day. The adjusting entry necessary at the end
A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that day. The adjusting entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a
a. credit to Salaries Payable of $16,000
b. debit to Salaries Payable of $8,000
c. credit to Salary Expense of $16,000
d. debit to Salary Expense of $8,000
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The Sixth International Congress On Accounting 1952
Authors: Various
1st Edition
0367512807, 9780367512804
