Wages Are $37,500 Per Week for a Five-Day Workweek, Ending

Multiple Choice

Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of the year was Friday, June 26. Which of the following is correct for the reversing entry on July 1?

A) credit Salaries Payable for $15,000
B) debit Salaries Payable for $37,500
C) debit Salaries Expense for $15,000
D) credit Salaries Expense for $15,000