Pattie's Event Planning Service has just prepared the unadjusted trial balance,which shows the following balances: Salary expense: Debit
Service revenues: Credit
Interest expense: 0
Pattie's salaries are $2,000 per week and are paid out at the end of the day on Fridays.The end of the month falls on a Thursday.Patti will make the appropriate accrual adjustment and post to the ledger.The final adjusted balance of Salary payable,as shown on the adjusted trial balance,will be a:
A) credit balance of $1,600.
B) credit balance of $3,600.
C) debit balance of $3,600.
D) credit balance of $400.
Correct Answer:
Verified
Q150: Below is the adjusted trial balance
Q151: Below is the adjusted trial balance
Q152: Below is the adjusted trial balance
Q153: Pattie's Event Planning Service has just prepared
Q154: Prepare an income statement for the
Q155: The accountant for Hobson Electrical Repair Company
Q157: The financial statements should be prepared in
Q158: Which of the following reports a company's
Q159: Pattie's Event Planning Service collects the fees
Q160: Prepare a statement of owner's equity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents