Business, 03.08.2021 23:30 kamjay2006
Employees at Skysong, Inc. are paid $12300 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salaries and wages expense should be recorded two days later on January 2?
a) $12300
b) $7380
c) $4920
d) None, expense recognition requires the weekly salary to be accrued on December 31.
Answers: 3
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Employees at Skysong, Inc. are paid $12300 cash every Friday for working Monday through Friday. The...
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