The Salaries Are $6,000 Per Week of 5 Working Days

question 44

Multiple Choice

The salaries are $6,000 per week of 5 working days and are paid weekly at the end of Fridays. The end of the month falls on a Thursday. Patricia made the appropriate accrual adjustment and posted it to the ledger. The final adjusted balance of Salaries Payable, as shown on the adjusted trial balance, will be a: (Assume that there was no beginning balance in the Salaries Payable account.)

• A)credit balance of $4,800.
• B)debit balance of $1,200.
• C)debit balance of $4,800.
• D)credit balance of $1,200.

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