Flagg Records Adjusting Entries at Its December 31 Year End

question 21

Multiple Choice

Flagg records adjusting entries at its December 31 year end.At December 31,employees had earned $12,000 of unpaid and unrecorded salaries.The next payday is January 3,at which time $30,000 will be paid.Prepare the journal on January 3 to record payment assuming the adjusting and reversing entries were made on December 31 and January 1.

• A)Debit Salaries expense $12,000;debit Salaries payable $18,000;credit Cash $30,000.
• B)Debit Salaries expense $30,000;credit Cash $30,000.
• C)Debit Salaries payable $30,000;credit Cash $30,000.
• D)Debit Salaries expense $18,000,debit Salaries payable $12,000;credit Cash $30,000.
• E)Debit Salaries expense $18,000;credit Cash $18,000.

---

Definitions:

Longitudinal Study

A research methodology characterized by the multiple observations of identical variables across various durations.

Neuroticism

A personality trait characterized by the tendency to experience negative emotions, such as anxiety, depression, or irritability, more easily than others.

High Conscientiousness

A personality trait associated with individuals who are reliable, well-organized, self-disciplined, and careful.

Health, Long Life

Refers to the aspects of physical and mental condition that contribute to a long and quality life span.