Mason Painting Services has a weekly payroll of $30,000. December 31 falls on Wednesday and Mason will pay its employe following Monday (January 5) for the previous full week. Assume that Mason has a five-day workweek and has an unadjuste balance in Salaries Expense of S800,000. What amount should be debited to Salaries Expense on December 31? S800 000 S12 000 S18 000 O O S30.000

Mason Painting Services has a weekly payroll of $30,000. December 31 falls on Wednesday and Mason will pay its employe following Monday (January 5) for the previous full week. Assume that Mason has a five-day workweek and has an unadjuste balance in Salaries Expense of S800,000. What amount should be debited to Salaries Expense on December 31? S800 000 S12 000 S18 000 O O S30.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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