Question

At December 31, your company owes employees for four days of the five-day workweek. The total payroll for the week is $25,000. What journal entry should you make at December 31? Nothing because you will pay the employees on Friday. Salaries and wages expense 20.000 Salaries and wages payable 20,000 Salaries and wages payable 20,000 Salaries and wages expense 20,000 Salaries and wages expense 25,000 Salaries and wages payable 25,000 Rudy's Fitness Gym has Unearned Revenue of $4, 200. Salaries Payable of $43,000, and Allowance for Uncollectible Accounts of $4, 600. What amount would Rudy's Gym report as total current liabilities? $4 7.200  $43,000  $51, 800 $47, 600