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Author Question: Salary expense is $2,600 per day, Monday through Friday, and the business pays employees each ... (Read 40 times)

kshipps

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Salary expense is $2,600 per day, Monday through Friday, and the business pays employees each Friday. If December 31 falls on a Tuesday, the adjusting entry to record accrued salaries would be to:
◦ debit Salaries Expense, $2,600; credit Salaries Payable, $2,600.
◦ debit Salaries Payable, $2,600; credit Salaries Expense, $2,600.
◦ debit Salaries Payable, $5,200; credit Salaries Expense, $5,200.
◦ debit Salaries Expense, $5,200; credit Salaries Payable, $5,200.


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Marked as best answer by kshipps on Feb 18, 2020

lorealeza

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kshipps

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review


alexanderhamilton

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Reply 3 on: Yesterday
:D TYSM

 

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