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At December 31, the ABC Company Owes an Employee for Four

Question 87

Multiple Choice

At December 31, the ABC Company owes an employee for four days of work that will not be paid until January 5th. The weekly rate of pay for a five-day workweek is $1,000.The adjusting entry to record the accrued wages will include a:


A) debit to Salaries Payable for $1,000.
B) debit to Salaries Expense for $1,000.
C) debit to Salaries Payable for $800.
D) debit to Salaries Expense for $800.

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