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Bonita Industries's salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar
Bonita Industries's salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2021 is as follows: Employee advances Accrued salaries payable Salaries expense during the year Salaries paid during the year (gross) 12/31/20 12/31/21 $ 25000 $ 37000 158000 ? 1420000 1250000 At December 31, 2021, what amount should Bonita report for accrued salaries payable? $170000. $328000. $121000. $170000
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