An adjusting entry that credits Salaries payable is an example of a(n):
A)unearned revenue.
B)accrued revenue.
C)prepaid expense.
D)accrued expense.

Name: An adjusting entry that credits Salaries payable is an example of a(n): A)unearned revenue. B)accrued revenue. C)prepaid expense. D)accrued expense.
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Question

Quizplus · Accepted Answer

An adjusting entry that credits Salaries payable is an example of an accrued expense, as it recognizes expenses that have been incurred but not yet paid.

An Adjusting Entry That Credits Salaries Payable Is an Example