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The salaries payable account for Green Corporation as of January 31, 2020 had a credit balance of $10,000. During February, employees worked a total of
The salaries payable account for Green Corporation as of January 31, 2020 had a credit balance of $10,000. During February, employees worked a total of 3,500 hours at average pay of $12 per hour. Pay day for January happened on February 1st and pay day for February happens on March 1, 2020. What is the account balance in the Salaries Expense account for February?
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a. $10,000
b. $42,000
c. $52,000
d. $0
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