A business paid by weekly salaries of 20,000 every other Friday for a 10-day period ending on that day.did Justin entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a A. Credit to salaries payable of $16,000 B. Debit to salaries payable of $8,000 C. Credit to salary expense of $16,000 D. Debit to salary expensive 8,000
A business paid by weekly salaries of 20,000 every other Friday for a 10-day period ending on that day.did Justin entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a A. Credit to salaries payable of $16,000 B. Debit to salaries payable of $8,000 C. Credit to salary expense of $16,000 D. Debit to salary expensive 8,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A business paid by weekly salaries of 20,000 every other Friday for a 10-day period ending on that day.did Justin entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a
A. Credit to salaries payable of $16,000
B. Debit to salaries payable of $8,000
C. Credit to salary expense of $16,000
D. Debit to salary expensive 8,000
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