Question
ACC 210 Corporation has a weekly payroll for a five-day workweek of $28,000. December 31 falls on Wednesday and ACC 210 will pay its employees
ACC 210 Corporation has a weekly payroll for a five-day workweek of $28,000. December 31 falls on Wednesday and ACC 210 will pay its employees the following Monday (January 5) for the previous full week. In regard to the adjusting entry, what amount should be debited to Salaries Expense on December 31?
- A. $800,000
- B. $16,800
- C. $28,000
- D. $11,200
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
