A company pays its employees every Friday. Employees work 5 days a week, Monday through Friday. The accounting period ends on Wednesday, August 31, 2025. If weekly salaries are $9,000, what is the adjusting entry for accrued salaries at month-end?

Question

Answer

Debit Salaries Expense $5,400; Credit Salaries Payable $5,400

Answer

Debit Salaries Expense $9,000; Credit Salaries Payable $9,000

Answer

No adjusting entry is needed

Answer

Debit Salaries Expense $3,600; Credit Salaries Payable $3,600

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A company pays its employees every Friday. Employees work 5 days a week, Monday ...

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