A Company Pays Each of Its Two Office Employees Each

question 15

Multiple Choice

A company pays each of its two office employees each Friday at the rate of $100 per day each for a five-day week that begins on Monday.If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday,the month-end adjusting entry to record the salaries earned but unpaid is:

• A)Debit Unpaid Salaries $600 and credit Salaries Payable $600.
• B)Debit Salaries Expense $400 and credit Salaries Payable $400.
• C)Debit Salaries Expense $600 and credit Salaries Payable $600.
• D)Debit Salaries Payable $400 and credit Salaries Expense $400.
• E)Debit Salaries Expense $400 and credit Cash $400.