The Salaries Expense Account on the Worksheet Shows an Opening

question 38

Multiple Choice

The salaries expense account on the worksheet shows an opening balance of $15 000. The worksheet includes a reversing entry for $1800 for salaries prepaid in the previous year and $1400 for salaries accrued in the current year. The balance of the salaries expense account that will be transferred to the income statement column is:

• A) $11 800.
• B) $14 600.
• C) $15 400.
• D) $18 200.

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Definitions:

Performance Measures

Metrics used to assess the efficiency, effectiveness, and productivity of an individual, organization, or process.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people.

Incentives

Benefits, rewards, or compensation offered to motivate specific actions or behaviors by individuals or organizations.