The adjusting entry to record the earned but unpaid salaries of employees at the end of the accounting period is
A) Debit Unpaid Salaries and credit Salaries Payable
B) Debit Salaries Payable and credit Salaries Expense
C) Debit Salaries Expense and credit Cash
D) Debit Salaries Expense and credit Salaries Payable
E) Debit Cash and credit Salaries Expense

Question

Quizplus · Accepted Answer

The adjusting entry to record earned but unpaid salaries at the end of the accounting period is to debit Salaries Expense (to recognize the expense) and credit Salaries Payable (to record the liability). Therefore, the correct option is D, which follows this approach.

The Adjusting Entry to Record the Earned but Unpaid Salaries