Anthony Delivery Service has a weekly payroll of $34,000.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 $945,000.What is the December 31 balance of Salaries Expense after adjusting entries are recorded and posted?
A)$945,000
B)$979,000
C)$965,400
D)$958,600

Question

Quizplus · Accepted Answer

D)Salaries Expense: $945,000 + ($34,000 / 5 × 2 days )= $958,600

Anthony Delivery Service Has a Weekly Payroll of $34,000