This paper circulates around the core theme of Focus Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Focus Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2013 is as follows:
12/31/12 12/31/13
Employee advances $12,000 $ 18,000
Accrued salaries payable 65,000 ?
Salaries expense during the year 650,000
Salaries paid during the year (gross) 625,000
At December 31, 2013, what amount should Focus report for accrued salaries payable?
