Oriole Company's salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll
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Question:
Oriole Company'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 2018 is as follows:
12/31/2017 Employee advances 25000 Accrued salaries payable 160000
12/31/2018 Employee advances 36000 Accrued salaries payable ? Salaries expense during the year 1410000 Salaries paid during the year (gross) 1240000
At December 31, 2018, what amount shouldOriolereport for accrued salaries payable?
A $330,000.00 B $154,000.00 C $202,000.00 D $190,000.00
Posted Date: