Salaries Are $4,000 Per Week for Five Working Days and Are

question 87

Multiple Choice

Salaries are $4,000 per week for five working days and are paid weekly at the end of the day on Fridays.The end of the month falls on a Thursday.The accountant for Sunset Company made the appropriate accrual adjustment and posted it to the ledger.The 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 $3,200
• B) debit balance of $800
• C) debit balance of $3,200
• D) credit balance of $800

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