Salary Expense Has a Balance of $65,400 in the Trial

question 37

Multiple Choice

Salary expense has a balance of $65,400 in the trial balance debit column of a worksheet. The adjustments credit column contains a $500 credit to salary payable. The adjusted trial balance column will show:

• A)salary expense with a debit balance of $64,900.
• B)salary expense with a debit balance of $65,400.
• C)salary expense with a debit balance of $65,900.
• D)salary payable with a credit balance of $65,900.

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Definitions:

Americans

Refers to the inhabitants or citizens of the United States of America.

Afford

To have enough money to pay for something or to have sufficient time or opportunity to do something.

Economic Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced.

Postpone

To delay or put off an event, action, or decision to a later time.