Green Living Construction Company installs solar panels in large newly constructed buildings. The company employs several expert installers who work on a full-time basis. Although the installers work every day, the company pays them at the end of the month, for the previous month's work. Employee salaries are recorded as ___________ on Green Living's balance sheet.

Question

Quizplus · Accepted Answer

Employee salaries that have been earned but not yet paid are recorded as a current liability on the balance sheet.

Green Living Construction Company Installs Solar Panels in Large Newly