To accrue $7,100 of employee salaries for the last week of February, the employer's journal entry is:
A) $$\begin{array} { | c | l | r | r | }
\hline \text { Dr. } & \text { Salaries expense } & 7,100 & \
\hline \text { Cr. } & \text { Cash } & & 7,100 \
\hline
\end{array}$$
B) $$\begin{array} { | c | c | r | r | }
\hline \text { Dr. } & \text { Salaries expense } & 7,100 & \
\hline \text { Cr. } & \text { Salaries payable } & & 7,100 \
\hline
\end{array}$$
C) $$\begin{array} { | l | c | r | r | }
\hline \text { Dr. } & \text { Salaries payable } & 7,100 & \
\hline \text { Cr. } & \text { Cash } & & 7,100 \
\hline
\end{array}$$
D) $$\begin{array} { | l | c | r | r | }
\hline \text { Dr. } & \text { Salaries expense } & 7,100 & \
\hline \text { Cr. } & \text { Fee reveruse } & & 7,100 \
\hline
\end{array}$$

Question

To accrue $7,100 of employee salaries for the last week of February, the employer's journal entry is:
A) $$\begin{array} { | c | l | r | r | } 
\hline \text { Dr. } & \text { Salaries expense } & 7,100 & \
\hline \text { Cr. } & \text { Cash } & & 7,100 \
\hline
\end{array}$$
B) $$\begin{array} { | c | c | r | r | } 
\hline \text { Dr. } & \text { Salaries expense } & 7,100 & \
\hline \text { Cr. } & \text { Salaries payable } & & 7,100 \
\hline
\end{array}$$
C) $$\begin{array} { | l | c | r | r | } 
\hline \text { Dr. } & \text { Salaries payable } & 7,100 & \
\hline \text { Cr. } & \text { Cash } & & 7,100 \
\hline
\end{array}$$
D) $$\begin{array} { | l | c | r | r | } 
\hline \text { Dr. } & \text { Salaries expense } & 7,100 & \
\hline \text { Cr. } & \text { Fee reveruse } & & 7,100 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The correct journal entry to accrue salaries is to debit Salaries Expense and credit Salaries Payable, reflecting the obligation to pay the accrued salaries in the future.

To Accrue $7,100 of Employee Salaries for the Last Week