Salaries are $4,500 per week for five working days and are paid weekly at the end of the day Fridays.The end of the month falls on a Thursday.The accountant for Dayton Company made the appropriate accrual adjustment and posted it to the ledger.The balance of Salaries Payable,as shown on the adjusted trial balance,will be a ________.(Assume that there was no beginning balance in the Salaries Payable account. )
A) credit balance of $3,600
B) debit balance of $900
C) debit balance of $3,600
D) credit balance of $900
Correct Answer:
Verified
Q146: The accountant of Delta Company failed to
Q147: The accountant of Zeus Legal Services failed
Q148: At the end of the current year,the
Q149: The accountant for Hobson Electrical Repair failed
Q150: The worksheet is NOT a journal,a ledger,or
Q152: The accounting records for Patricia Event Planning
Q153: The accountant of Skyscrapers Architectural Services failed
Q154: Paramount Event Planning Services collects fees from
Q155: During December 2016,Carroll Service Company performed $1,500
Q156: On the first day of January,Harris Company
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