Merando Industries Employs a Five-Day Workweek and a September 30

question 27

Multiple Choice

Merando Industries employs a five-day workweek and a September 30 year-end.Normal weekly wages amount to $35,000.If September 30 is a Wednesday, what is the appropriate journal entry on October 2, the next payday for Merando?

• A)Dr Salaries and Wages Expense $14,000 Dr Salaries and Wages Payable $21,000
• Cr Cash $35,000
• B)Dr Salaries and Wages Expense $21,000 Dr Salaries and Wages Payable $14,000
• Cr Cash $35,000
• C)Dr Salaries and Wages Expense $21,000 Cr Cash $21,000
• D)Dr Salaries and Wages Payable $14,000 Cr Cash $14,000

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Definitions:

High School GPA

An average score representing a high school student's academic performance, usually on a 4.0 scale.

F-Ratio

Statistic used to test differences between group means.

α

In statistics, α (alpha) typically denotes the level of significance, the probability of rejecting the null hypothesis when it is true.

Df

Short for degrees of freedom, referring to the number of independent pieces of information remaining after estimating one or more parameters.