To accrue $3,200 of employee salaries for the last week of February, the employer's journal entry is:

Question

Quizplus · Accepted Answer

The journal entry to accrue $3,200 of employee salaries for the last week of February would be:

Salaries Expense            $3,200
     Salaries Payable            $3,200

Option B is the correct journal entry which shows debiting the Salaries Expense account and crediting the Salaries Payable account.

To Accrue $3,200 of Employee Salaries for the Last Week