Speedy Company's Weekly Payroll of $250 Is Paid on Fridays

Multiple Choice

Speedy Company's weekly payroll of $250 is paid on Fridays (five-day work week) .Assume that the last day of the month falls on Thursday.Which of the following is the required month-end adjusting entry?

A) Increase Salaries Expense $200 and increase Salaries Payable $200
B) Increase Salaries Expense $50 and increase Salaries Payable $50
C) Increase Salaries Payable $200 and increase Cash $200
D) Increase Salaries Expense $250 and increase Cash $250