Accrual basis.Sales salaries paid during 2014 were $85,000. Advances to salesmen were $1,100 on January 1, 2014, and $800 on December 31, 2014. Sales salaries accrued were $1,360 on January 1, 2014, and $1,880 on December 31, 2014. Show the computation of sales salaries on an accrual basis for 2014.

Question

Quizplus · Accepted Answer

The Answer of Accrual basis.Sales salaries paid during 2014 were $85,000. Advances to salesmen were $1,100 on January 1, 2014, and $800 on December 31, 2014. Sales salaries accrued were $1,360 on January 1, 2014, and $1,880 on December 31, 2014. Show the computation of sales salaries on an accrual basis for 2014.

Accrual Basis