If Accrued Salaries Were Recorded on December 31 with a Credit

question 106

Multiple Choice

If accrued salaries were recorded on December 31 with a credit to Salaries Payable, the entry to record payment of these wages on the following January 5 would include:

• A) A debit to Cash and a credit to Salaries Payable.
• B) A debit to Cash and a credit to Prepaid Salaries.
• C) A debit to Salaries Payable and a credit to Cash.
• D) A debit to Salaries Payable and a credit to Salaries Expense.
• E) No entry would be necessary on January 5.

Understand and apply interest calculations for notes receivable.

Journalize transactions using allowance and direct write-off methods for uncollectible receivables.

Understand the methods of accounting for uncollectible receivables.

Analyze and prepare adjusting entries for bad debt expense using the aging method and percentage of sales or receivables.

---

Definitions:

Crystallin Protein

Specialized proteins found in the eye lens, responsible for maintaining its transparency and focusing ability.

Cornea

Clear, protective covering at the front of a vertebrate eye; helps focus light on the retina.

Lens

A transparent structure in the eye that focuses light rays onto the retina, allowing for clear vision.

Dim Light

A low level of illumination, often insufficient for clear vision without adaptation or additional light sources.