Multiple Choice
A business pays biweekly salaries of $20,000 every other Friday for a ten-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
Correct Answer:
Verified
Correct Answer:
Verified
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