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31 July, 20:20

Mason Painting Services has a weekly payroll of $28,000. December 31 falls on Wednesday and Mason will pay its employees the 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 $800,000 at December 31. What amount should be debited to Salaries Expense on December 31?

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  1. 31 July, 20:25
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    28000 / 5 days = $5,600 per day

    Wednesday, Thursday, Friday = 3 days.

    5,600 x 3 days = $16,800

    The amount should be $16,800
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