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TB MC Qu. 181 A company pays its employees... A company pays its employees $4,100 each Friday, which amounts to $820 per day for the

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TB MC Qu. 181 A company pays its employees... A company pays its employees $4,100 each Friday, which amounts to $820 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is: Multiple Choice 5820. On April 1, Otisco, Inc. paid Garcia Publishing Company $2,448 for 36-month subscriptions to several different magazines. Otisco debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Otisco, Inc. after adjustments on December 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made? Multiple Choice OSO. Our O $2.448 Ina VO $816

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