Lind Co.’s salaries expense of $10,000 is paid every other Friday for the 10 workdays then ending.
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? $20,000
$22,000
$24,000
$18,000
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