The Salaries Are $6,000 Per Week of 5 Working Days

Multiple Choice

The salaries are $6,000 per week of 5 working days and are paid weekly at the end of Fridays. The end of the month falls on a Thursday. Patricia made the appropriate accrual adjustment and posted it to the ledger. The final adjusted balance of Salaries Payable, as shown on the adjusted trial balance, will be a: (Assume that there was no beginning balance in the Salaries Payable account.)

A) credit balance of $4,800.
B) debit balance of $1,200.
C) debit balance of $4,800.
D) credit balance of $1,200.