Larry works 60 hours a week as a valet. If full-time employment is considered 40 hours per week, how many hours of overtime does Larry work?

Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had earned $12,000 of unpaid and unrecorded salaries. the next payday is january 3, at which time $30,000 will be paid. prepare the january 1 journal entry to reverse the effect of the december 31 salary expense accrual. a. debit salaries expense $12,000; credit salaries payable $12,000. b. debit salaries expense $18,000; debit salaries payable $12,000; credit cash $30,000. c. debit salaries payable $18,000; credit cash $18,000. d. debit salaries payable $12,000; credit salaries expense $12,000. e. debit salaries expense $18,000; credit salaries payable $18,000.