Mason painting services has a weekly payroll of $ 26 comma 000. december 31 falls on wednesday and mason will pay its employees the following monday (january 5) for the previous full week. assume that mason has a fiveminusday workweek and has an unadjusted balance in salaries expense of $ 760 comma 000 at december 31. what amount should be debited to salaries expense on december 31?

$15,600

Explanation:

The amount that should be debited to Salaries Expense on December 31 is $15,600. This is because:

$26,000/5=$5,200

$5,200*3=$15,600

The unadjusted trial balance is the listing of account balances at the end of a reporting period, before adjusting entries are made. This step occurs before we can create financial statements. This is the first step in analyzing account balances and making adjusting entries. When a company creates financial statements each month, it also produces unadjusted trial balances at the same rate.

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