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How much should the company report for salaries

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Problem 1: An entity that pays employees every two weeks has paid workers P375,000 in wages and salaries for work completed during 2018. In addition, the employees earned one week's salary of P7,200 at the end of December that will be paid as part of the P14,400 payroll at the end of the first week of January in 2019. How much should the company report for salaries and wages expense for 2018?

a. P367,800.

b. P375,000.

C. P389,400

d. P382,200.

Reference no: EM132789564

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