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Barr Comp. salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar

Barr Comp. salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2007 is as follows: 12/31/06 12/31/07 Employee advances $12,000. $18,000. Accrued sal. Payables 65,000. ? Salaries expense paid during Year 650,000. Salaries paid during year 625,000. At Dec. 31, 2007, what amount should Barr report for accrued salaries payable? a) $90,000. b) $84,000. c) $72,000. d) $25,000

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