Multiple Choice
Marty's Bakery has a daily payroll of $400, and all employees are paid on Thursday afternoons. Assume that the last day of the month falls on Wednesday. Which of the following adjusting journal entries is needed on that date?
A) Salaries Expense 1,200 Accrued Salaries Payable 1,200
B) Salaries Expense 800 Cash 800
C) Salaries Expense 400 Accrued Salaries Payable 400
D) Accrued Salaries Payable 600 Salaries Expense 600
Correct Answer:
Verified
Correct Answer:
Verified
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