Tan Traders Paid Salaries of $130 000 During the Year

question 7

Multiple Choice

Tan Traders paid salaries of $130 000 during the year and owes $2 100 for three days work carried out before the 31 December 2011 which will not be paid until January 3 2012.After the adjusting entry for the year ended 31 December 2011:

• A)Salaries in the income statement are $132 100 and accrued salaries in the balance sheet are $2 100
• B)Salaries in the income statement are $130 000 and accrued salaries in the balance sheet are $2 100
• C)Salaries in the income statement are $127 900 and accrued salaries in the balance sheet are $2 100
• D)Salaries in the income statement are $132 100 and accrued salaries in the balance sheet are $132 100

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Definitions:

Difficult People

A coworker is classified as difficult if he or she is uncooperative, disrespectful, touchy, defensive, hostile, or even very unfriendly.

High-Maintenance Person

An individual who requires an excessive amount of attention, support, or communication from others, often perceived as demanding or difficult to satisfy.

Dependent

Relying on someone or something else for support, maintenance, or supply.

Guard Against

To protect oneself or something from possible danger, harm, or adverse effects.