A Company Pays Its Workforce on Fridays for a Five-Day

question 128

Multiple Choice

A company pays its workforce on Fridays for a five-day workweek ending on that day.The payroll for a week is $100,000.If the accounting year-end falls on a Tuesday,the adjusting journal entry to record this will include a

• A) debit to Salaries and Wages Expense $100,000.
• B) debit to Salaries and Wages Expense $40,000.
• C) credit to Salaries and Wages Payable $60,000.
• D) credit to Salaries and Wages Payable $100,000.