A company performed payroll for the last pay period and determined that the total accrued payroll equaled $6,325.78.

BALANCE SHEET ASSETS LIABILITIES 110 Cash 340 Accrued Payroll Value 1 Value 2 INCOME STATEMENT EXPENSES REVENUES JOB COST EXPENSES EQUITY 430 Current Period Net Income Value 3 PROFIT 0 Value 4 Value 5 0= 0 BALANCE SHEET ASSETS LIABILITIES 110 Cash 340 Accrued Payroll Value 1 Value 2 INCOME STATEMENT EXPENSES REVENUES JOB COST EXPENSES EQUITY 430 Current Period Net Income Value 3 PROFIT 0 Value 4 Value 5 0= 0