loader  Loading... Please wait...

Question(s) / Instruction(s):

A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day.  The adjusting entry necessary at the end of the fiscal period ending on Tuesday is

A.            debit Salary Expense, $8,000; credit Salaries Payable, $8,000

B.            debit Salary Expense, $8,000; credit Drawing, $8,000

C.            debit Drawing, $8,000; credit Cash, $8,000

D.            debit Salaries Payable, $8,000; credit Cash, $8,000

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494