Assume That the City of Juneau Maintains Its Books and Records

question 57

Multiple Choice

Assume that the City of Juneau maintains its books and records to facilitate the preparation of its government-wide financial statements.The City pays its employees bi-weekly on Friday.The fiscal year ended on Wednesday, June 30.Employees had been paid on Friday, June 25.The employees paid from the General Fund had earned $90,000 on Monday, Tuesday, and Wednesday June 28, 29, and 30.They will earn $60,000 on Thursday and Friday July 1 and 2.What entry, if any, should be made on June 30?

• A)Debit Expenditures $90,000; Credit Wages and salaries payable $90,000.
• B)Debit Expenditure $150,000; Credit Wages and salaries payable $150,000.
• C)Debit Expenses $90,000; Credit Wages and salaries payable $90,000.
• D)No entry is required.

---

Definitions:

Wedding Ring

A ring symbolizing marriage, traditionally worn on the base of the left ring finger to signify marital commitment and love.

Cluttering Phrase

Unnecessary words or phrases that make sentences longer without adding significant meaning.

Skipped Meeting

An event or appointment that was missed or not attended as planned.

Arrange

To organize or put things in a particular order or configuration.