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

question 56

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.The accountant of Paramount Inc.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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The belief or anticipation regarding the likelihood that a specific outcome or event will occur.

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A process aimed at reducing glucose levels in the blood, often through diet, exercise, or medication.

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