Salaries Are $4,500 Per Week for Five Working Days and Are

question 24

Multiple Choice

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day Fridays.The end of the month falls on a Thursday.The accountant for Dayton Company made the appropriate accrual adjustment and posted it to the ledger.The balance of Salaries Payable,as shown on the adjusted trial balance,will be a ________.(Assume that there was no beginning balance in the Salaries Payable account. )

• A)credit balance of $3,600
• B)debit balance of $900
• C)debit balance of $3,600
• D)credit balance of $900

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Definitions:

Birth Rates

The amount of live births for every thousand individuals within a population annually.

Death Rates

The quantity of fatalities within a specific group, adjusted for its population size, over a given time period.

Age Structure

The distribution of a population by age, often visualized in a population pyramid, which helps in understanding population growth and decline dynamics.

Percentages

A mathematical concept used to express a number as a fraction of 100.