FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Mason Painting Services has a weekly payroll of
$25,000. December 31 falls on Wednesday and Mason will pay its employees the following Monday​ (January 5) for the previous full week. Assume that Mason has a five−day workweek and has an unadjusted balance in Salaries Expense of $800,000 at December 31. What amount should be debited to Salaries Expense on December​ 31?
 
 
 
 
A.
$15,000
 
B.
$25,000
 
C.
$10,000
 
D.
$800,000
 
 
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