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

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

Quizplus · Accepted Answer

An adjusting entry that credits Salaries Payable means that the company has recognized the expense of the salaries owed to employees but has not yet paid them. This is an example of an accrued expense.

An Adjusting Entry That Credits Salaries Payable Is an Example