Salary expense is $2,200 per day,Monday through Friday,and the business pays employees each Friday.If December 31 falls on a Tuesday,the adjusting entry to record accrued salaries would be to:
A)debit Salaries Payable,$2,200;credit Salaries Expense,$2,200.
B)debit Salaries Expense,$4,400;credit Salaries Payable,$4,400.
C)debit Salaries Expense,$2,200;credit Salaries Payable,$2,200.
D)debit Salaries Payable,$4,400;credit Salaries Expense,$4,400.

Question

Quizplus · Accepted Answer

The adjusting entry should account for the salaries accrued for Monday and Tuesday, which totals $4,400 ($2,200 per day x 2 days).

Salary Expense Is $2,200 Per Day,Monday Through Friday,and the Business