Question
Showbiz, Inc's employees work five days per week. They are paid P1,200 every other Friday. December 31, 2017 is on a Monday. The next payday
Showbiz, Inc's employees work five days per week. They are paid P1,200 every other Friday. December 31, 2017 is on a Monday. The next payday is January 4, 2018 . The adjusting entry would include a
a.
credit to salary payablefor P720
b.
debit to salary payable for P720.
c.
debit to salary expense for P1,200.
d.
credit to cash for P1,200.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
