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Mason Painting Services Has a Weekly Payroll of $30,000

Question 48

Multiple Choice

Mason Painting Services has a weekly payroll of $30,000.December 31 falls on Wednesday and Mason will pay its employees the following Monday (January 5) for the previous full week.Assume that Mason has a five-day workweek and has an unadjusted balance in Salaries Expense of $800,000.What amount should be debited to Salaries Expense on December 31?


A) $800,000
B) $12,000
C) $30,000
D) $18,000

Correct Answer:

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