Anthony delivery service has a weekly payroll of $32,000. december 31 falls on tuesday and anthony will pay its employees the following monday (january 6) for the previous full week. assume that anthony has a five-day workweek and has an unadjusted balance in salaries expense of $925,000. what is the december 31 balance of salaries expense after adjusting entries are recorded and posted?

$937,800

Explanation:

The adjusting entry would be

Salaries expense A/c $12,800

      To Salaries payable A/c $12,800

(Being salary is adjusted)

The salaries expense is computed below:

= Total five days × number of days ÷ total number of days

= $32,000 × (2 ÷ 5)

= $12,800

Now the ending balance of salaries expense would be

= Unadjusting balance + adjusting balance

= $925,000 + $12,800

= $937,800

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