Cassie has worked for one week but her employer only pays its employees every two weeks.The amount of money her company owes her is classified as
A) accounts notable.
B) accounts receivable.
C) notes payable.
D) prepaid wages.
E) salaries payable.

Question

Quizplus · Accepted Answer

Salaries payable is the amount of money that a company owes to its employees for the work that they have done but have not yet been paid for. In this scenario, Cassie has only worked for one week and her employer pays its employees every two weeks, therefore the amount of money her employer owes her is classified as salaries payable.

Cassie Has Worked for One Week but Her Employer Only