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The Adjusting Entry to Record the Earned but Unpaid Salaries

Question 48

Multiple Choice

The adjusting entry to record the earned but unpaid salaries of employees at the end of the accounting period is:


A) Debit Salaries Expense and credit Salaries Payable.
B) Debit Salaries Payable and credit Salaries Expense.
C) Debit Salaries Expense and credit Cash.
D) Debit Unpaid Salaries and credit Salaries Payable.
E) Debit Cash and credit Salaries Expense.

Correct Answer:

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