Pattie's Event Planning Service Has Just Prepared the Unadjusted Trial $\$ 6,000$

question 15

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

Ability to perform basic arithmetic operations (addition, subtraction) to solve real-world problems.

Calculate time spent on specific tasks subtracting the total time from known durations.

Apply conversion between different units of measurement in practical contexts.

Familiarity with pricing and cost calculations in various shopping and service scenarios.

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Definitions:

Direct Labor-Hour

Direct labor-hour refers to the amount of labor time spent by workers directly manufacturing a product or delivering a service, used as a basis for allocating overhead costs.

Labor Rate

The amount paid per hour of labor, including wages and sometimes additional benefits, for direct and indirect labor.

Direct Materials Purchase Budget

A financial plan that estimates the raw materials required for production and their associated costs, aiding in financial and operational planning.

Ending Inventories

The total value of all unsold goods that a company has in stock at the end of an accounting period.