Zuhoor Muscat Company pays a total of RO 21,000 salaries to its employees on the 25th of each month (including the work for the 25th). It uses 30 days as an average number of pay days per month. The necessary adjusting entry to be prepared to record accrued salaries on September 30, will include: a. Credit to Salaries Expense RO 17,500. O b. Debit to Salaries Expense RO 1,500. O c. None of the options are correct. O d. Credit to Salaries Payable RO 700. e. Debit to Salaries Expense RO 3,500.

Zuhoor Muscat Company pays a total of RO 21,000 salaries to its employees on the 25th of each month (including the work for the 25th). It uses 30 days as an average number of pay days per month. The necessary adjusting entry to be prepared to record accrued salaries on September 30, will include: a. Credit to Salaries Expense RO 17,500. O b. Debit to Salaries Expense RO 1,500. O c. None of the options are correct. O d. Credit to Salaries Payable RO 700. e. Debit to Salaries Expense RO 3,500.

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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