A company was in the last week of December 2019. It pays employees on Fridays for a seven-day work week that begins the prior Friday and ends on the Thursday preceding the pay day. The salaries and wages for the 7-days total $902,160. The employees earn the same daily amount. In 2019, the year end [December 31] fell on a Tuesday. Based on the information, the following entry would be appropriate at year end December 31st: Salaries & Wages Expense Cash O Salary & Wages Expense Salary & Wages Payable Salaries & Wages Expense Salary & Wages Payable Salaries & Wages Expense Salary & Wages Payable none of these entries are correct. $902,160 $721,728 $644,400 $180,432 $902,160 $721,728 $644,400 $180,432
