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MMLU / Lind Co.'s salaries expense of …

Problem

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question

Lind Co.'s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending. Lind's employees do not work on Saturdays and Sundays. The last payroll was paid on June 18. On Wednesday, June 30, the month-end balance in the salaries expense account before accruals was $14,000. What amount should Lind report as salaries expense in its income statement for the month ended June 30?
Plain-text mathematical notation (without MathML)
Lind Co.'s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending. Lind's employees do not work on Saturdays and Sundays. The last payroll was paid on June 18. On Wednesday, June 30, the month-end balance in the salaries expense account before accruals was $14,000. What amount should Lind report as salaries expense in its income statement for the month ended June 30?
Original LaTeX notation
Lind Co.'s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending. Lind's employees do not work on Saturdays and Sundays. The last payroll was paid on June 18. On Wednesday, June 30, the month-end balance in the salaries expense account before accruals was $14,000. What amount should Lind report as salaries expense in its income statement for the month ended June 30?

choices

  1. $24,000
  2. $22,000
  3. $20,000
  4. $18,000

subject

professional_accounting

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Source and history

task_id
84fa1f80-6fdc-58d6-bb5d-4784bb168223
task_key
all--test--84fa1f80-6fdc-58d6-bb5d-4784bb168223
task_revision_id
1
config / split
all / test

Official source

initial import