The Salaries Payable account of James Bay Company Limited appears below: Salaries Payable

The company records the salary expense and related liability at the end of each week and pays the employees on the last Friday of the month.

Required
1. What was the salary expense for 2014?
2. How much was paid to employees in 2014 for work done in 2013?
3. How much was paid to employees in 2014 for work done in 2014?
4. How much will be paid to employees in 2015 for work done in 2014?

Transcribed Image Text:

Salaries Payable 22,520 398,120 388,400 Bal. Jan. 1, 2014 Entries during 2014 Entries during 2014