At the end of 2015, the unadjusted accounting records for Coney Corporation contain the following selected accounts and balances.
A Coney has not paid its employees for the final 3 days in 2015. The amount owed is $700.
How much wage and salary expense should Bacon report for its year ending December 31, 2015?
B What adjustments would you expect Coney to make at year end that would result in additional revenue as a result of the accounts listed?

Question

At the end of 2015, the unadjusted accounting records for Coney Corporation contain the following selected accounts and balances.
  A Coney has not paid its employees for the final 3 days in 2015. The amount owed is $700.
How much wage and salary expense should Bacon report for its year ending December 31, 2015?
B What adjustments would you expect Coney to make at year end that would result in additional revenue as a result of the accounts listed?

Quizplus · Accepted Answer

The Answer of At the end of 2015, the unadjusted accounting records for Coney Corporation contain the following selected accounts and balances.
  A Coney has not paid its employees for the final 3 days in 2015. The amount owed is $700.
How much wage and salary expense should Bacon report for its year ending December 31, 2015?
B What adjustments would you expect Coney to make at year end that would result in additional revenue as a result of the accounts listed?

At the End of 2015, the Unadjusted Accounting Records for Coney