Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anthony Delivery Service has a weekly payroll of $34,000. December 31 falls on Tuesday and Anthony will pay its employees the following Monday (January 6)

Anthony Delivery Service has a weekly payroll of $34,000. December 31 falls on Tuesday and Anthony will pay its employees the following Monday (January 6) for the previous full week. Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $945,000.What is the December 31 balance of Salaries Expense after adjusting entries are recorded andposted?

A)$945,000

B) $979,000

C) $965,400

D) $958,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An International Perspective

Authors: Arne Kinserdal

2nd Edition

0273631543, 978-0273631545

More Books

Students also viewed these Accounting questions

Question

Identify and explain the noncash expenses that a firm may incur.

Answered: 1 week ago

Question

=+a. Consumer-Focused show benefits.

Answered: 1 week ago