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Question(s) / Instruction(s):

A business pays weekly salaries of $35,238 on Friday for a five-day week ending on that day. Determine the adjusting entry necessary at the end of the fiscal period ending on Thursday.

a)            debit Salary Expense, $28,190; credit Drawing, $28,190  

b)            debit Drawing, $28,190; credit Cash, $28,190       

c)            debit Salary Expense, $28,190; credit Salaries Payable, $28,190  

d)            debit Salaries Payable, $28,190; credit Cash, $28,190

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