Sanborn Company Has 10 Employees,who Earn a Total of $1,800

question 27

Multiple Choice

Sanborn Company has 10 employees,who earn a total of $1,800 in salaries each working day.They are paid on Monday for the five-day workweek ending on the previous Friday.Assume that year ended December 31,is a Wednesday and all employees will be paid salaries for five full days on the following Monday.The adjusting entry needed on December 31 is:

• A)Debit Salaries Expense,$5,400;credit Salaries Payable,$5,400.
• B)Debit Salaries Expense,$3,600;credit Salaries Payable,$3,600.
• C)Debit Salaries Expense,$9,000;credit Salaries Payable,$9,000.
• D)Debit Salaries Payable,$5,400;credit Salaries Expense,$5,400.
• E)Debit Salaries Expense,$5,400;credit Cash,$5,400.

---

Definitions:

Subtests

Components or sections of a larger test, each focusing on a specific area of skill or knowledge within the overall assessment.

Intercorrelations

Statistical measures that indicate the strength and direction of relationships between multiple variables.

Factor Analysis Validity

Factor Analysis Validity involves using factor analysis, a statistical method, to identify the underlying structure of psychological constructs, thus helping to validate the content of a test.

Convergent Validity

A method of demonstrating construct validity by correlating a test with some other well-known measure or instrument.