What amount of salary expense is accrued when gross salary for a week is $10,000 and accounting period ends on Thursday?

To determine the amount of salary expense that is accrued, consider that the accounting period ends on Thursday and the gross salary for the week is $10,000. This means that the salary covers the entire week, typically from Monday to Sunday.

Since the accounting period ends on Thursday, only four days of salary need to be accrued for this period (Monday, Tuesday, Wednesday, and Thursday). To find the daily salary amount, divide the gross salary by 7 (the number of days in the week).

Calculating the daily salary gives: $10,000 / 7 = approximately $1,428.57 per day.

Now, for the four days that fall within the accounting period (Monday through Thursday): $1,428.57 x 4 = approximately $5,714.28.

However, it's important to recognize that the correct approach in this scenario is recognizing what is being asked—that is, what amount needs to be accrued for expenses that were earned but not paid until after the period ends. The correct accrued amount should reflect only the salary attributed to Wednesday and Thursday, which would be two days’ worth of earnings.

Therefore, the appropriate calculation for the amount due for these two days is: $1,428.57