On December 31,2016,$2,500 of Salaries Have Been Earned but Not

question 22

Essay

On December 31,2016,$2,500 of salaries have been earned but not yet paid to employees.If the business failed to make an adjusting entry on December 31,2016,indicate the effect on assets,liabilities,equity,and net income.

---

Definitions:

Labor-Management Relations Act

A U.S. law, also known as the Taft-Hartley Act, that restricts the activities and power of labor unions.

Family and Medical Leave Act

U.S. federal law that provides eligible employees with unpaid, job-protected leave for specified family and medical reasons.

Accrued Paid Sick Leave

This is the amount of paid sick leave that an employee has earned over time but has not yet used.

Union Avoidance

Strategies and practices employed by employers to prevent employees from joining or forming labor unions.