Millie's Bakery Employees Earn $4,500 a Week for a Five-Day

question 42

Multiple Choice

Millie's Bakery employees earn $4,500 a week for a five-day work week and are paid every Friday. If December 31 falls on a Wednesday, calculate the amount that is owed and select the adjusting entry needed to record the owed but unpaid salaries as of December 31.

• A)a debit to Salaries Payable for $900 and a credit to Salaries Expense for $900.
• B)a debit to Salaries Expense for $2,700 and a credit to Salaries Payable for $2,700.
• C)a debit to Income Summary for $2,700 and a credit to Salaries Payable for $2,700.
• D)a debit to Salaries Expense for $4,500 and a credit to Salaries Payable for $4,500.

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Definitions:

Coaxial Cable

A type of electrical cable with an inner conductor surrounded by a tubular insulating layer, used for transmitting data and television signals.

Copper Wire

A type of electrical conductor commonly used in telecommunications and power generation, known for its excellent conductivity and flexibility.

Cable TV

A system that delivers television programming to viewers via radio frequency signals transmitted through coaxial cables or digital light pulses through fiber-optic cables.

Coaxial Cable

A type of electrical cable consisting of a central conductor surrounded by an insulating layer and an outer conducting shield, used for the transmission of high-frequency signals.