Question
Your employer has a Monday-Friday workweek and distributes its $35,000 payroll each Friday. In 20X2, December 31 is a Tuesday. One of your assistants debited
Your employer has a Monday-Friday workweek and distributes its $35,000 payroll each Friday. In 20X2, December 31 is a Tuesday. One of your assistants debited Salaries Expense and credited Salaries Payable for $18,000. Your correcting entry will:
a) debit Salaries Expense for $6,000
b) debit Salaries Payable for $6,000
c) credit Salaries Expense for $4,000
d) credit Salaries Payable for $4,000
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Financial and Managerial Accounting
Authors: John J Wild, Ken W. Shaw
8th edition
1260247856, 978-1260247855
