How much is the accrued salaries for the current year, Managerial Accounting

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How much is the accrued salaries for the current year

Problem

There are 8 salaried employees of Oklahoma Company. Salaries are paid every Friday for the current week. Five employees receive a salary of P700 each per week, and three employees earn P500 each per week. December 31 is a Tuesday. Employees do not work on weekends. All employees worked the last 2 days of December. How much is the accrued salaries for the current year?

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Managerial Accounting: How much is the accrued salaries for the current year

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Managerial Accounting: How much is the accrued salaries for the current year

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