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Employee at B Corporation are paid $5,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday,...
Employee at B Corporation are paid $5,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Wednesday, December 31. How much salary expense should be recorded two days later on January 2? a. none, matching requires the weekly salary to be accrued on December 31. b. $2,000, c. $5,000, d. $3,000
Question:Employees at B Corporation are paid $5,000 cash every Friday for working Monday through Friday. Thecalendar year accounting period ends on Wednesday, December 31. How much salary expense...