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Crane Company's salarie employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar
Crane Company's salarie employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2026 is as follows: 12/31/25 12/31/26 Employee advances $25000 $36000 Accrued salaries payable 160000 ? Salaries expense during the year 1410000 Salaries paid during the year (gross) 1240000 At December 31, 2026, what amount should Crane report for accrued salaries payable? $330000. $150000. $161000. $114000
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