A Company Recorded 2 Days of Accrued Salaries of $1,400

question 97

Multiple Choice

A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. The January 31 and February 9 journal entries are:

• A)\[\begin{array} { | l | l | r | r | }
• \hline 1 / 31 & \text { Salaries Expense } & 1400 & \\
• \hline & \text { Salaries Payable } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Payable } & 7,000 & \\
• \hline & \text { Salaries Expense } & 1400 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline \hline
• \end{array}\]
• B)\[\begin{array} { | l | l | r | r | }
• \hline 1 / 31 & \text { Salaries Payable } & 1,400 & \\
• \hline & \text { Salaries Expense } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 5,600 & \\
• \hline & \text { Salaries Payable } & 1,400 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\]
• C)\[\begin{array} { | l | l | r | r | }
• \hline \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Cash } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 7,000 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\]
• D)\[\begin{array} { | l | l | r | r | }
• \hline 1 / 31 & \text { Salaries Expense } & 1400 & \\
• \hline & \text { Salaries Payable } & & 1400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 7,000 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\]
• E)\[\begin{array} { | l | l | r | r | }
• \hline \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Salaries Payable } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 5,600 & \\
• \hline & \text { Salaries Payable } & 1,400 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\]

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Definitions:

Work-related Outcomes

The results or consequences that arise from one's job or professional activities, including productivity, satisfaction, and performance.

Task Performance

The execution and accomplishment of specific work activities or responsibilities assigned to an individual or team.

Instrumentality

The quality of being useful or instrumental in achieving a goal or purpose.

Valence

In motivational theory, the value an individual places on the rewards of an outcome, which affects their motivation to work.