Employees of the Deco House were paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3rd. Employees work 5 days a week, Monday to Friday. The weekly payroll amounts to $3,800. The appropriate adjusting journal entry to be made on Tuesday, December 31, assuming the company's year-end is December 31, would include a credit to Salaries Payable in the amount of O $1,520. O $760. O $2,280. O$3,800.
Employees of the Deco House were paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3rd. Employees work 5 days a week, Monday to Friday. The weekly payroll amounts to $3,800. The appropriate adjusting journal entry to be made on Tuesday, December 31, assuming the company's year-end is December 31, would include a credit to Salaries Payable in the amount of O $1,520. O $760. O $2,280. O$3,800.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Employees of the Deco House were paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3rd. Employees work 5 days a week, Monday to Friday. The weekly payroll amounts to 3,800. The appropriate adjusting journal entry to be made on Tuesday, December 31, assuming the company's year-end is December 31, would you include a credit to Salaries Payable in tje amount of
Transcribed Image Text:Employees of the Deco House were paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday,
January 3rd. Employees work 5 days a week, Monday to Friday. The weekly payroll amounts to $3,800. The appropriate adjusting
journal entry to be made on Tuesday, December 31, assuming the company's year-end is December 31, would include a credit to
Salaries Payable in the amount of
O $1,520.
O $760.
O $2,280.
O $3,800.
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