Register

Global Cleaning Services Company pays its employees salary of $60,000 for work performed during the last month. No entry has been recorded previously. However, the company'…

Global Cleaning Services Company pays its employees salary of $60,000 for work performed during the last month. No entry has been recorded previously. However, the company'…
asked 140k views
5 votes
Global Cleaning Services Company pays its employees salary of $60,000 for work

performed during the last month. No entry has been recorded previously. However,
the company's accountant made an entry assuming an accrual entry was made
previously. Which of the following statements is true?

asked
User Seanmonstar
by
8.2k points

1 Answer

1 vote

Answer: salary payable is understated by $60,000

Step-by-step explanation:

answered
User Ardavis
by
8.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!