Focus Companys salaried employees are paid biweekly. Occasionally, advancesmade to employees are paid back by...
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Accounting
Focus Companys salaried employees are paid biweekly. Occasionally, advancesmade to employees are paid back by payroll deductions. Information relating tosalaries for the calendar year 2013 is as follows:
12/31/12. 12/31/13
Employee advances $ 23,000 $37000
Accrued salaries payable 16,1000 ?
Salaries expense during the year 1380,000
Salaries paid during the year (gross) 1240,000
At December 31, 2013, what amount should Focus report for accrued salaries payable?
a.$124,000 .b.$175,000 .c.$714,000 .d.$31,1000
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