A Business Pays Salaries of $140,000 on the First and Fifteenth

question 135

Essay

A business pays salaries of $140,000 on the first and fifteenth day of every month.Which of the following is the adjusting entry required on December 31,2011?
A) A debit $140,000 to Salaries expense and a credit $140,000 to Salaries payable.
B) A debit $140,000 to Salaries receivable and a credit $140,000 to Salaries payable.
C) A debit $140,000 to Salaries expense and a credit $140,000 to Salaries receivable.
D) No adjusting entry is required.

• A) A debit $140,000 to Salaries expense and a credit $140,000 to Salaries payable.
• B) A debit $140,000 to Salaries receivable and a credit $140,000 to Salaries payable.
• C) A debit $140,000 to Salaries expense and a credit $140,000 to Salaries receivable.
• D) No adjusting entry is required.

Recognize the importance of parental involvement in the care of low-birth-weight babies.

Understand the role of environmental and personal factors in overcoming birth complications.

Identify the leading causes of infant mortality in the United States and how they differ from undeveloped countries.

Grasp the rapid rate of infant growth and developmental milestones.

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Definitions:

Principle of Closure

A gestalt psychology principle that the mind tends to perceive incomplete figures as complete by filling in missing information.

Figure-Ground Principle

A visual perception principle that describes how humans differentiate an object (the figure) from its surrounding area (the ground).

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A brand's unique standing and perception in the minds of consumers relative to competing brands.

Evaluation

Evaluation involves the systematic assessment of the value, performance, or importance of an object, project, or program, based on relevant criteria or standards.