Ebbert Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by...

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Ebbert Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by...

Ebbert Company’s salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2018 is as follows:

12/31/18 12/31/17

Employee advances $44,000 $ 56,000

Accrued salaries payable 200,000 ?

Salaries expense during the year 1,000,000

Salaries paid during the year (gross) 1,050,000

At December 31, 2018, what amount should Ebbert report for accrued salaries payable? Hint: sometimes a T account comes in handy.

business accounting

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,200,ooo

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