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 Salaries Payable, we need to add up the salaries of all employees for the pay period of December 15 - 31, 20xx.

Employee A: $2,000
Employee B: $2,200
Employee C: $1,800
Employee D: $1,600
Employee E: $1,400
Employee F: $1,200
Employee G: $1,000
Employee H: $800
Employee I: $600
Employee J: $400
Total: $10,800

Therefore, Salaries Payable would be recorded for $10,800.

Assuming No Employees Are Subject to Ceilings for Their Earnings