during the year, maiden company paid salaries of $23,900. in addition, $8,600 in salaries has accrued by the…

during the year, maiden company paid salaries of $23,900. in addition, $8,600 in salaries has accrued by the end of the year but has not been paid. the year - end adjustment would include which one of the following? multiple choice increase to salaries payable for $8,600 increase to salaries expense for $32,500 decrease to salaries payable for $23,900 decrease to salaries expense for $8,600

during the year, maiden company paid salaries of $23,900. in addition, $8,600 in salaries has accrued by the end of the year but has not been paid. the year - end adjustment would include which one of the following? multiple choice increase to salaries payable for $8,600 increase to salaries expense for $32,500 decrease to salaries payable for $23,900 decrease to salaries expense for $8,600

Answer

Brief Explanations:

Accrued salaries are salaries that have been earned by employees but not yet paid. At year - end, an adjustment is made to recognize this liability. Salaries Payable is a liability account, and when salaries accrue, the amount of Salaries Payable increases. The amount of accrued salaries is $8,600.

Answer:

Increase to Salaries Payable for $8,600