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.The accountant of Paramount Inc.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