Sail,IncPays Its Workforce on Fridays for a Five-Day Workweek Ending

question 113

Multiple Choice

Sail,Inc.pays its workforce on Fridays for a five-day workweek ending on that day.The payroll for a week is $165,000.If the accounting year-end falls on a Tuesday,the adjusting journal entry to record this will include a

• A)debit to Salaries and Wages Expense $165,000.
• B)debit to Salaries and Wages Expense $66,000.
• C)credit to Salaries and Wages Payable $99,000.
• D)credit to Salaries and Wages Payable $165,000.

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