Alpha Bot Industries has 30 employees who work Monday through Friday each week; each employee earns $150 per day and is paid every Friday.The end of the accounting period is on a Tuesday.How much wages expense should the firm accrue at the end of the period?
A) $4,500
B) $6,000
C) $0
D) $9,000
Correct Answer:
Verified
Q12: An adjusting journal entry recording an accrual:
A)results
Q13: The effect of an adjustment is:
A)to correct
Q14: A credit entry will:
A)increase an asset account.
B)increase
Q15: Unquiet Hands, Inc.borrowed $30,000 on October
Q16: Wisdom Co.has a note payable to its
Q18: To accrue $7,100 of employee salaries
Q19: Which of the following is not one
Q20: A debit entry will:
A)always decrease the account
Q21: At the beginning of the current fiscal
Q22: The effect of an adjustment on the
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