The Correct Adjusting Entry for Accrued and Unpaid Employee Salaries

question 68

Multiple Choice

The correct adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31 is:

• A)debit Salary Expense,$9,000;credit Cash,$9,000
• B)debit Salary Expense,$9,000;credit Fees Earned,$9,000
• C)debit Salary Expense,$9,000;credit Prepaid Salary,$9,000
• D)debit Salary Expense,$9,000;credit Salaries Payable,$9,000
• E)debit Salaries Payable,$9,000;credit Salary Expense $9,000

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