A Business Pays Each of Its Two Office Employees Each

question 43

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

Distinguish between intrinsic and extrinsic motivation and their impact on confidence.

Recognize the societal implications and personal outlooks concerning belief in free will.

Analyze factors influencing suicide rates and their correlation with societal circumstances.

Evaluate the effectiveness of visualization techniques in goal achievement and preparation.

---

Definitions:

December

The twelfth and final month of the year in the Gregorian calendar.

Production

The process of creating goods and services using labor, machinery, tools, and chemical or biological processing or formulation.

December

The last month of the year according to the Gregorian calendar, which is the twelfth.

Cash Disbursements

Payments made by a business in cash or cash equivalents, including expenses, debt payments, and distributions to owners.