MCQ-00619 Rice Co. salaried employees are paid biweekly. Advances made to employees are paid back by payroll deductions. Information relating to salaries follows: Employee Advances Accrued Salaries Payable Salaries Expense During the Year 12/31/Year 1 12/31/Year 2 $ 24,000 $ 36,000 40,000 ? 420,000 390,000 Salaries Paid During the Year (Gross) In Rice's December 31, Year 2, balance sheet, accrued salaries payable was: A. $70,000 B. $82,000 C. $30,000 D. $94,000 Explanation Choice "A" is correct. $70,000 accrued salaries payable at Dec 31, Year 2.