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Sally Company owes its employees $5,250 for the last 4 days of the year ended December 31. The company will pay this amount on January 7 as part of its regular payroll disbursements of $11,800. What, if anything, should Sally recognize on December 31?

Respuesta :

Answer:

$6,550

Explanation:

The computation is given below:

Given that

Last 4 days amount of the year ended December 31 = $5,250

Regular payroll disbursements = $11,800

So, the amount recognized on December 31 would be

= Regular payroll disbursements - Last 4 days amount of the year ended December 31

= $11,800 - $5,250

= $6,550

Basically we deduct the amounts so that the exact value could come.

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