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24 December, 05:50

Mason has a Mason Painting Services has a weekly payroll of $28,000. December 31 fails on Wednesday and Mason will pay its employees following Monday (January 5) for the previous full week. Assume that Mason has a five - day workweek and has an unadjusted balance in Salaries Expense of $790,000. What amount should be debited to Salaries Expense on December 31?

A $790,000

B. $11.200

C $28,000

D, $16,000

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Answers (1)
  1. 24 December, 09:06
    0
    The answer is: Mason should debit salaries expense by $16,800 on December 31

    Explanation:

    We can determine the daily payroll for Mason Painting Services:

    daily payroll = 28000 / 5 days = $5,600

    Mason's employees worked for last 3 days of the year, so we just multiply the daily payroll by 3 days:

    Dr salaries expense = $5,600 per day x 3 days = $16,800
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