Use the Following Information to Answer Questions

question 45

Multiple Choice

Use the following information to answer questions
The following totals for the month of April were taken from the payroll register of Sandhu Corp.
-The journal entry to record the monthly payroll on April 30 would include a

• A)debit to Salaries Expense for $19,500.
• B)credit to Salaries Payable for $19,500.
• C)debit to Salaries Payable for $15,300.
• D)debit to Salaries Expense for $12,989.

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Definitions:

Intended Beneficiary

A third party for whose benefit a contract is formed; an intended beneficiary can sue the promisor if such a contract is breached.

Incidental Beneficiary

A non-contracted third party who unintentionally benefits from a contract.

Intended Beneficiary

A person or entity for whom a contract is specifically designed to benefit, often having the right to enforce the contract's terms.

All Rights

This term indicates that every possible right or privilege associated with a legal or contractual situation is retained, without limitation.