Pattie's Event Planning Service Has Just Prepared the Unadjusted Trial

question 70

Multiple Choice

Pattie's Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: Salary expense: Debit $6 000 Service revenues: Credit $20 000 Interest expense: 0
Pattie's salaries are $2 000 per week and are paid out at the end of the day on Fridays. The end of the month falls on a Thursday. Pattie will make the appropriate accrual adjustment and post to the ledger. The final adjusted balance of Salary payable, as shown on the adjusted trial balance, will be a:

• A)debit balance of $3 600.
• B)credit balance of $1 600.
• C)credit balance of $400.
• D)credit balance of $3 600.

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Definitions:

Order Getters

Salespeople who actively seek out customers and work to persuade them to purchase the company's products or services.

Product Knowledge

Understanding of a company's products, including features, benefits, and uses, essential for effective sales and marketing.

Substantial Investment

A significant amount of money or resources expended in an endeavor with the expectation of achieving a profit or material result.

Order Getting

The process of actively seeking out customers and persuading them to purchase a product or service.