An adjusting entry that credits Salaries payable is an example of a(n);
Question
Updated 7/22/2015 4:14:04 PM
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Flagged by emdjay23 [7/22/2015 4:14:04 PM]
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Original conversation
User: An adjusting entry that credits Salaries payable is an example of a(n);

Weegy: Salary Expense
anterp|Points 605|

Question
Updated 7/22/2015 4:14:04 PM
This conversation has been flagged as incorrect.
Flagged by emdjay23 [7/22/2015 4:14:04 PM]
Rating
8
An adjusting entry that credits Salaries payable is an example of an Accrued Expense.

Questions asked by the same visitor
Smith Technical Services is working on a six-month job for a client. They will collect \$48,000 from their customer when the job is finished. On March 1, their Accounts receivable account has a debit balance of \$8,000. At the end of March, after adjusting entries have been made, what will the balance in Accounts receivable be? Select one: a. credit balance of \$8,000 b. debit balance of \$12,000 c. debit balance of \$48,000 d. debit balance of \$16,000
Weegy: c. debit balance of \$48,000 (More)
Question
Updated 7/8/2023 12:40:57 AM
Smith Technical Services is working on a six-month job for a client. They will collect \$48,000 from their customer when the job is finished. On March 1, their Accounts receivable account has a debit balance of \$8,000. At the end of March, after adjusting entries have been made, \$40,000 will the balance in Accounts receivable be.
Solution

\$8,000 (debit) - \$48,000 (credit) = -\$40,000

The ending balance in the Accounts Receivable account at the end of March will be a debit balance of \$40,000 (not one of the options provided).
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