Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15,2014.Payment occurs on January 20.

-Salaries Payable would be recorded for
A)$21,520.
B)$23,968.
C)$25,952.
D)$28,400.

Question

Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15,2014.Payment occurs on January 20.

-Salaries Payable would be recorded for
A)$21,520. 
B)$23,968. 
C)$25,952. 
D)$28,400.

Quizplus · Accepted Answer

Salaries Payable is calculated based on the unpaid salaries. If the question provided details on how to calculate the unpaid salaries, such as the number of days worked without payment or the daily rate, the calculation would involve multiplying the daily rate by the number of unpaid days or any other provided method to arrive at the correct figure. Without specific details from the question, the correct answer is chosen based on the assumption that the calculation has been made correctly according to the provided data.

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