-What is the amount of sales commissions payable that the company will report on its pro forma balance sheet at the end of the fourth quarter?

Question

Quizplus · Accepted Answer

The amount of sales commissions payable can be calculated by subtracting the amount of sales commissions paid ($33,000) from the total sales commissions accrued ($38,300). Therefore, sales commissions payable = $38,300 - $33,000 = $5,300.

-What Is the Amount of Sales Commissions Payable That the Company