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Carlock Companys salaried employees are paid biweekly. Occasionally, advances made to employees are paid back...

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Accounting

Carlock Companys salaried employees are paid biweekly. Occasionally, advances made to employees are paid back by payroll deductions. Information relating to salaries for the calendar year 2017 is as follows:

12/31/16 12/31/17

Employee advances $12,000 $ 18,000

Accrued salaries payable 75,000 ?

Salaries expense during the year 650,000

Salaries paid during the year (gross) 625,000

At December 31, 2017, what amount should Carlock report for accrued salaries payable?

a. $100,000.

b. $84,000.

c. $92,000.

d. $55,000.

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