Anthony Delivery Service has a weekly payroll of $32,000.December 31 falls on Tuesday and Anthony will pay its employees the following Monday (January 6)for the previous full week.Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $925,000.What is the December 31 balance of Salaries Expense after adjusting entries are recorded and posted?
A)$925,000
B)$957,000
C)$944,200
D)$937,800

Question

Quizplus · Accepted Answer

Salaries Expense: $925,000 + ($32,000 / 5 × 2 days )= $937,800

Anthony Delivery Service Has a Weekly Payroll of $32,000