Please answer! Thankz ABC Company's salaried employees are paid biweekly (i.e., once every two weeks). Advances madeto employees are paid back through payroll deductions. Information relating to salaries for the calendaryear 2021 is as follows:Employee advancesAccrued salaries payableSalaries expense during the yearSalaries paid during the year (gross)31 December 2020Php 24,000182,00031 December 2021Php 36,000???1,820,0001,750,000XXXXXXAt 31 December 2021, what amount should ABC Company report for accrued salaries payable?

As per the matching concept, all the expenses that are related to the concerned period should be…

ABC Company's salaried employees are paid biweekly (1.e., once every two weeks). Advances made to employees are paid back through payroll deductions. Information relating to salaries for the calendar year 2021 is as follows: 31 December 2020 Php 24,000 182,000 31 December 2021 Employee advances Accrued salaries payable Salaries expense during the year Salaries paid during the year (gross) Php 36,000 ??? 1,820,000 1,750,000 XXX XXX At 31 December 2021, what amount should ABC Company report for accrued salaries payable?