Use This Information to Answer the Following Question

question 79

Multiple Choice

Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15,2014.Payment occurs on January 20.

-Salaries Payable would be recorded for

• A)$21,520.
• B)$23,968.
• C)$25,952.
• D)$28,400.

---

Definitions:

Credit Sales

Sales made by a business where the payment is deferred to a later date, allowing the buyer to take possession of goods or services immediately but pay later.

Collect

To gather or amass something, often refers to the act of receiving payments or debts.

Depreciation Expense

The allocated cost of a tangible fixed asset over its useful life, reflecting its use and wear and tear over time.

Administrative Salaries

Expenses related to the salaries of employees who perform general administrative duties not directly tied to production or sales.