The Total Payroll Is $4,000 Per Day of Work

question 224

Multiple Choice

The total payroll is $4,000 per day of work.If the accounting period ends on Tuesday of a given week,what adjustment must be made to the company's accounting records?

• A)Increase Salaries payable by $8,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
• B)Decrease Salaries payable by $8,000 and increase shareholders' equity by recognizing Salaries expense for the same amount.
• C)Decrease Cash by $8,000 and decrease shareholders' equity by recognizing Salaries expense for the same amount.
• D)No adjustment is necessary because the expense is not recorded until the employees are paid.

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Definitions:

Mental Attention

The cognitive process of focusing consciousness or awareness on specific stimuli, tasks, or thoughts.

Self-paced

A learning or work method that allows individuals to control the speed at which they progress through content or tasks.

Thoughtful Concentration

The mental effort directed towards a specific topic or task with careful consideration.

Job Enlargement

The process of increasing the variety and number of tasks that an employee performs, aiming to add diversity to activities to reduce monotony and enhance job satisfaction.