Anthony Delivery Service has a weekly payroll of $32,000. December 31 falls on Tuesday and Anthony will pay its employees the following Monday (January 6 ) for the previous full week
Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $925,000. What is the December 31 balance of Salaries Expense after adjusting entries are recorded and posted?
A) $925,000
B) $957,000
C) $944,200
D) $937,800
D .Salaries Expense: $925,000 + ($32,000 / 5 x 2 days ) = $937,800
Business
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