Salary Expense Is $2,600 Per Day, Monday Through Friday, and the Business

question 21

Multiple Choice

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:

• A)debit Salaries Payable, $2,600; credit Salaries Expense, $2,600.
• B)debit Salaries Expense, $5,200; credit Salaries Payable, $5,200.
• C)debit Salaries Expense, $2,600; credit Salaries Payable, $2,600.
• D)debit Salaries Payable, $5,200; credit Salaries Expense, $5,200.

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