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Giant Toy Trucks Inc. pays their employees every 14 days (bi-weekly). Giant Toy Trucks Inc. employs 14 employees who each earn 5160 per day. The
Giant Toy Trucks Inc. pays their employees every 14 days (bi-weekly). Giant Toy Trucks Inc. employs 14 employees who each earn 5160 per day. The last pay period for which employees were paid was December 10th December 23rd, year 3. Ignoring income tax withholdings and other accruals, the adjusting entry for Salaries payable for the year ended December 31, year 3 would be: ho Select one O a Dr Salaries Expense 17.920 / Cr Salaries Payable 17,920 Ob Dr Salaries Expense 31,360 / Cr Salaries Payable 31,360 Oc Dr Salaries Expense 1,280 / Cr Salaries Payable 1,280 od Dr Salaries Expense 31,360 / Cr Cash 31,360
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