BJ, an Employee of Walker Corp $\$ 800$ the Adjusting Entry for Walker Corp on March 31

question 162

Multiple Choice

BJ, an employee of Walker Corp., will not receive her paycheck until April 2. Based on services performed from March 15 to March 30 , her salary was $\$ 800$ . The adjusting entry for Walker Corp on March 31 is

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Definitions:

Cost of Merchandise Sold

The direct costs attributable to the goods sold by a company, including the cost of the material and labor directly used in creating the goods.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the sales margin.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, highlighting revenue, expenses, and profits or losses.

Merchandise Inventory

Goods that a company holds with the intent to sell them as part of its business operations; considered a current asset on the balance sheet.