A Business Pays Weekly Salaries on Friday of $25,000 for a Five-Day

question 160

Multiple Choice

A business pays weekly salaries on Friday of $25,000 for a five-day week ending on Friday. Assuming the fiscal period ends on a Wednesday, the adjusting entry for accrued salaries would involve a:

• A)debit to salary payable for $10,000.
• B)debit to salary expense for $15,000.
• C)credit to salary payable for $10,000.
• D)credit to salary expense for $15,000.

---

Definitions:

Conciliation

A method of dispute resolution where a neutral third party assists the disputing parties in reaching a voluntary agreement.

Union Organizing

The process of forming or joining a labor union to represent employees' interests in negotiations with employers.

Labour-management Co-operation

Collaborative efforts between employees, represented by their unions, and employers to improve working conditions, productivity, and mutual interests.

Joint Study Committees

Collaborative groups formed by representatives from different parties, often within a workplace, to investigate and provide insights or solutions on specific issues or projects.