Salaries Are $6,500 Per Week for Five Working Days and Are

Multiple Choice

Salaries are $6,500 per week for five working days and are paid weekly at the end of the day Fridays.The end of the month falls on a Thursday.The accountant for Dayton,Inc.made the appropriate accrual adjustment and posted it to the ledger.The 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 $5,200
B) debit balance of $1,300
C) debit balance of $5,200
D) credit balance of $1,300