Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Clean Inc. issues payroll checks every two weeks for a total of $50,000. As of December 31, a salaries expense of $25,000 has been incurred

image text in transcribed

Clean Inc. issues payroll checks every two weeks for a total of $50,000. As of December 31, a salaries expense of $25,000 has been incurred but has not yet been paid to the employees. What is the adjusting entry that Clean Inc. must make to record accrued salaries at the end of the year? $25,000 A. $25,000 $50,000 B. $50,000 Salaries payable Salaries expense Salaries payable Salaries expense Salaries expense Salaries payable Salaries expense Salaries payable $25,000 $25,000 $50,000 D. $50,000

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_2

Step: 3

blur-text-image_3

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

Why CISOs Fail Security Audit And Leadership Series

Authors: Barak Engel

2nd Edition

1032299258, 978-1032299259

More Books

Students also viewed these Accounting questions

Question

Why could the Robert Bosch approach make sense to the company?

Answered: 1 week ago