A Business Pays Biweekly Salaries of $20,000 Every Other Friday

Multiple Choice

A business pays biweekly salaries of $20,000 every other Friday for a 10-day period ending on that day. The adjusting entry necessary at the end of the fiscal period ending on the second Wednesday of the pay period includes a

A) debit to Salary Expense of $8,000
B) debit to Salaries Payable of $8,000
C) credit to Salary Expense of $16,000
D) credit to Salaries Payable of $16,000