Zuhoor Muscat Company pays a total of RO 21,600 salaries to its employees on the 23rd of each month (including the work for the 23rd). 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 June 30, will include: O a. Credit to Salaries Expense for RO 16,560. O b. Debit to Salaries Expense RO 2,160. O c. None of the options are correct. O d. Debit to Salaries Expense RO 5,760. O e. Credit to Salaries Payable RO 5,040.

Zuhoor Muscat Company pays a total of RO 21,600 salaries to its employees on the 23rd of each month (including the work for the 23rd). 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 June 30, will include: O a. Credit to Salaries Expense for RO 16,560. O b. Debit to Salaries Expense RO 2,160. O c. None of the options are correct. O d. Debit to Salaries Expense RO 5,760. O e. Credit to Salaries Payable RO 5,040.

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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