Question
Pink Heart Co. pays their employees once per month. Employees were last paid on December 15, 2021 and the company's fiscal year-end is December 31,
Pink Heart Co. pays their employees once per month. Employees were last paid on December 15, 2021 and the company's fiscal year-end is December 31, 2021. The average salary expense per month is $50,000. How much should the company accrue as of December 31, 2021 for salaries payable?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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