please explain where we get 17500 whats the formula The employees of Lucid Labor

Question

please explain where we get 17500
whats the formula

The employees of Lucid Laboratories are paid every two weeks on Friday. Total payroll is $25,000 and covers 10 workdays The end of the current month falls on the second Tuesday of the pay period. What is the adjusting jounal entry to accrue payroll at the end of the month? O A. Prepaid Salaries 7,500 Salaries Payable 7,500 OB, Salaries Expense 7,500 Salaries Payable 7,500 Salaries Expense Prepaid Salaries 17,500 7,500 Salaries Payable 25,000 Salaries Expense 17.500 17,500 Salaries Payable

Explanation / Answer

2 weeks contain 14 days in which 10 days working and 4 days are weekoffs.

so,

total workins days in first week is 5 days.

in the second week 2 working days that is monday and tuesday are completed.

thus, total working days by end of the month is 5+2 = 7 days.

Therefore, Accrued salary for 7 days is 25000*7/10 = 17,500.

Therefore, the entry should be made.

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