The Employees of Dew Drop Inn Get Paid Every Friday

question 76

Multiple Choice

The employees of Dew Drop Inn get paid every Friday for a 5-day workweek (Monday through Friday) .The total payroll is $5,000 per day of work.If the accounting period ends on Wednesday of a given week and the proper adjustment is made on Wednesday,what will be the effect of the adjustment on the company's financial statements?

• A)The balance sheet will report additional salaries expense of $15,000.
• B)The balance sheet will report additional salaries expense of $25,000.
• C)The income statement will report additional salaries expense of $15,000.
• D)The income statement will report additional salaries expense of $25,000.

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Definitions:

Current Flow

The movement of electric charge carriers like electrons or ions, through a conductor or space, typically measured in amperes (A).

Electric Motor

An electromagnetic device that converts electrical energy into mechanical motion, used in a wide range of applications from household appliances to industrial machinery.

Generator

A device that converts mechanical energy into electrical energy, commonly used for providing power in locations without access to the electrical grid.

Ohm Resistance

The measure of the resistance within an electrical circuit, quantifying how much a material opposes the flow of electric current.