Assuming no employees are subject to ceilings for their earnings, Moore Company has the following information for the pay period of December 15 - 31, 20xx. Salaries Payable would be recorded for
A) $16,000
B) $ 9,808
C) $10,800
D) $11,040

Question

Assuming no employees are subject to ceilings for their earnings, Moore Company has the following information for the pay period of December 15 - 31, 20xx.  Salaries Payable would be recorded for
A) $16,000 
B) $ 9,808 
C) $10,800 
D) $11,040

Quizplus · Accepted Answer

To calculate the Salaries Payable, we need to add up the total earnings of all employees during the pay period. From the information given, the total earnings of all employees come out to be $10,800 ($6,000 + $3,000 + $1,800). Hence, the Salaries Payable recorded would be $10,800.

Assuming No Employees Are Subject to Ceilings for Their Earnings