A Business Pays Each of Its Two Office Employees Each

question 180

Multiple Choice

A business pays each of its two office employees each Friday at the rate of $60 per day for a five-day week that begins on Monday. If the accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the adjusting entry to record the salaries earned but unpaid is

• A) Debit Unpaid Salaries $120 and credit Salaries Payable $120
• B) Debit Salaries Payable $240 and credit Office Salaries Expense $240
• C) Debit Office Salaries Expense $120 and credit Salaries Payable $120
• D) Debit Office Salaries Expense $240 and credit Salaries Payable $240
• E) Debit Salaries Expense $240 and credit Cash $240

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Definitions:

American

Pertaining to the United States of America or its inhabitants.

Peruvian

Pertaining to Peru or its people, culture, or customs.

Collectivism

Emphasizing values that serve the group by subordinating personal goals to preserve group integrity, interdependence of members, and harmonious relationships.

Group Integrity

The cohesion and unity within a group, often referring to the members' sense of belonging and mutual support within the collective.