Multiple Choice
A business pays bi-weekly 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 Salary Payable of $8,000
C) credit to Salary Expense of $16,000
D) credit to Salary Payable of $16,000
Correct Answer:
Verified
Correct Answer:
Verified
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