A Company Recorded 2 Days of Accrued Salaries of $1,400

question 221

Multiple Choice

A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees for these accrued salaries and for other salaries earned through February 9. The January 31 and February 9 journal entries are:

• A)\(\begin{array} { | l | l | r | r | }
• \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Salaries Payable } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Payable } & 7,000 & \\
• \hline & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\)
• B)\(\begin{array} { | l | l | r | r | }
• \hline 1 / 31 & \text { Salaries Payable } & 1,400 & \\
• \hline & \text { Salaries Expense } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 5,600 & \\
• \hline & \text { Salaries Payable } & 1,400 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\)
• C)\(\begin{array} { | c | c | r | r | }
• \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Cash } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 7,000 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\)
• D)\(\begin{array} { | c | c | r | r | }
• \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Salaries Payable } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 7,000 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\)
• E)\(\begin{array} { | l | l | r | r | }
• \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\
• \hline & \text { Salaries Payable } & & 1,400 \\
• \hline 2 / 9 & \text { Salaries Expense } & 5,600 & \\
• \hline & \text { Salaries Payable } & 1,400 & \\
• \hline & \text { Cash } & & 7,000 \\
• \hline
• \end{array}\)

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Definitions:

Mathematical Expression

A combination of numbers, operators, and sometimes variables that represents a mathematical relationship or value.

Exponentiation

A process of multiplying a number by itself a specified number of times, indicated by the exponent.

Percentage Difference

A measure of the relative difference between two values, expressed as a percentage.

Mathematical Calculation

The process of solving a mathematical problem by using arithmetic operations and algorithms.