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What amount carlock report for accrued salaries payable

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Reference no: EM132228879

Question - Carlock 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 2018 is as follows:

 

12/31/17

12/31/18

Employee advances

$12,000

$18,000

Accrued salaries payable

75,000

?

Salaries expense during the year

 

650,000

Salaries paid during the year (gross)

 

625,000

At December 31, 2018, what amount should Carlock report for accrued salaries payable?

a. $100,000.

b. $84,000.

c. $92,000.

d. $55,000.

Reference no: EM132228879

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