The Adjusting Entry to Record the Salaries Earned Due to Employees

question 8

Multiple Choice

The adjusting entry to record the salaries earned due to employees for services provided but unpaid at the end of the accounting period affects the accounts in which of the following ways?

• A)Debit Salaries Payable and credit Salaries Expense.
• B)Debit Salaries Expense and credit Cash.
• C)Debit Accrued Salaries and credit Salaries Payable.
• D)Debit Cash and credit Salaries Expense.
• E)Debit Salaries Expense and credit Salaries Payable.

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Definitions:

Stereotypes

Oversimplified generalizations about a group of people that often ignore individual differences within the group.

Stereotypes

Oversimplified generalized beliefs or assumptions about characteristics of particular groups or individuals based on their membership in that group.

Exemplars

Specific instances of a member of a category.

Prototypes

Original models or first instances from which other forms are copied or developed, often used in the context of design and innovation.