Please Show the correct work , so that I can rate you Life Saver . Patties Event

Question

Please Show the correct work , so that I can rate you Life Saver .

Patties Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances: Salary expense: Debit $6,000 Service revenues: Credit $20,000 Interest expense: 0 Patties salaries are $2,000 per week and are paid out at the end of the day on Fridays. The end of the month falls on a Thursday. Patti will make the appropriate accrual adjustment and post to the ledger. The final adjusted balance of Salary payable, as shown on the adjusted trial balance, will be a:

Explanation / Answer

2,000 per week (5 working days Monday –Friday)so 2000/5=400 per day==> 400*4=1600 (Monday-Thursday). Do the entry below for accrual adjustment DR. Salaries Expenses 1600 Cr. Salaries Payable 1600 So answer is D

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