Which Account Is Debited in the Adjusting Entry to Record

question 97

Multiple Choice

Which account is debited in the adjusting entry to record salaries owed to employees but NOT paid until the next accounting period?

• A)Salary Expense
• B)Unearned Salaries
• C)Deferred Salary
• D)Salary Payable

Apply the concept of percentage in determining increases and decreases in values.

Solve for unknowns in financial contexts using algebraic manipulation and percentage calculations.

Understand the computation of investment growth and return percentages.

Utilize ratios and proportions to solve distribution and allocation problems in a given scenario.

---

Definitions:

Demand

The level of demand for goods or services that individuals have the willingness and financial capacity to acquire at assorted prices throughout a defined duration.

Supply

The complete volume of a specific commodity or service ready for consumption by customers.

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single seller can influence the market price of goods.

Market

A Market is any structured system where economic transactions between buyers and sellers take place, including physical locations or virtual spaces.