Prior to adjusting entries, Salaries Expense had a balance of $22,300. The following year-end adjusting

Prior to adjusting entries, Salaries Expense had a balance of $22,300. The following year-end adjusting entry was made by the company:

Salaries Expense 4,400

Salaries Payable 4,400

What balance would be shown for Salaries Expense in the adjusted trial balance?

A) $4,400.

B) $17,900.

C) $22,300.

D) $26,700.

Answer: D

In November, a company hires three temporary employees that are scheduled to work only the month of December. Those employees work during December

In November, a company hires three temporary employees that are scheduled to work only the month of December. Those employees work during December, and they are then paid their full salaries in January. In which month should the company record salaries expense?

A) November.

B) December.

C) January.

D) Evenly over the three months.

Ch3 answer: B