Salaries are $6,500 per week for five working days and are paid weekly at the end of the day Fridays.The end of the month falls on a Thursday.The accountant for Dayton,Inc.made the appropriate accrual adjustment and posted it to the ledger.The balance of Salaries Payable,as shown on the adjusted trial balance,will be a ________.(Assume that there was no beginning balance in the Salaries Payable account. )
A)credit balance of $5,200
B)debit balance of $1,300
C)debit balance of $5,200
D)credit balance of $1,300

Question

Quizplus · Accepted Answer

Salaries per day = $6,500 / 5 days = $1,300 per day
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Salaries Are $6,500 Per Week for Five Working Days and Are